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Generally, these principles state that Muslims are forbidden to participate in any financial practices or do business with any money-lending entity that charges interest, known as or gambling.

While Muslims in the past have typically relied on cash or debit cards, in recent years, many customers have demanded more flexibility and options from their banks.

Not just for Muslims You don't necessarily have to be Muslim to get a Shariah-compliant card.According to Brian Riley, a research director at Tower Group, a financial services research firm based in Needham, Mass., Muslims constitute almost 24 percent of the world's population, and he estimates that total assets in Shariah-compliant banks will hit

Not just for Muslims You don't necessarily have to be Muslim to get a Shariah-compliant card.

According to Brian Riley, a research director at Tower Group, a financial services research firm based in Needham, Mass., Muslims constitute almost 24 percent of the world's population, and he estimates that total assets in Shariah-compliant banks will hit $1 trillion by 2011.

With these cards, terms and fees can vary depending upon the financial institution as well as the region and the local competition, according to Abdi Shayesteh, an associate with the Islamic Finance Practice Group of Atlanta-based law firm King & Spalding.

But since the majority of the cards are processed through Visa or Master Card, retailers take them wherever credit cards are accepted. According to Patankar, this full-service financial approach is the wave of the future.

"In the retail finance space, Shariah-compliant finance offers almost all the same products as conventional banks do, including Islamic insurance," he says.

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Not just for Muslims You don't necessarily have to be Muslim to get a Shariah-compliant card.According to Brian Riley, a research director at Tower Group, a financial services research firm based in Needham, Mass., Muslims constitute almost 24 percent of the world's population, and he estimates that total assets in Shariah-compliant banks will hit $1 trillion by 2011.With these cards, terms and fees can vary depending upon the financial institution as well as the region and the local competition, according to Abdi Shayesteh, an associate with the Islamic Finance Practice Group of Atlanta-based law firm King & Spalding.But since the majority of the cards are processed through Visa or Master Card, retailers take them wherever credit cards are accepted. According to Patankar, this full-service financial approach is the wave of the future."In the retail finance space, Shariah-compliant finance offers almost all the same products as conventional banks do, including Islamic insurance," he says.

trillion by 2011.With these cards, terms and fees can vary depending upon the financial institution as well as the region and the local competition, according to Abdi Shayesteh, an associate with the Islamic Finance Practice Group of Atlanta-based law firm King & Spalding.But since the majority of the cards are processed through Visa or Master Card, retailers take them wherever credit cards are accepted. According to Patankar, this full-service financial approach is the wave of the future."In the retail finance space, Shariah-compliant finance offers almost all the same products as conventional banks do, including Islamic insurance," he says.

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Jul 29, 2008. As credit card companies reach out to specific groups by offering credit cards with ties to everything from charities to pro sports teams, they are also actively. Not just for Muslims You don't necessarily have to be Muslim to get a Shariah-compliant card. Since Islamic banks are forbidden from investing in. 
22-Aug-2018 07:00
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May 30, 2011. To the surprise of consumers, major credit card companies are making decisions about what they can and can't buy with their credit cards. What's off-limits? Legal purchases like gambling chips and donations to at least one controversial non-profit organization; in some cases, buying pornography is also. 
22-Aug-2018 07:04
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Saadiq VISA Credit Cards have been carefully developed by an international team of professionals with Islamic financial expertise, who ensure that our products are. Please note that Saadiq Credit Card should not be used for items such as alcohol, pork related products, gambling, pornography or other illegal activities. 
22-Aug-2018 07:07
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Aug 18, 2017. It's wise not to enter your credit card details into shady-looking apps and websites if you don't want your details stolen. But sometimes, not even the apps you know and trust are safe. A piece of malware detailed in a blog post from security firm Kaspersky is able to quietly steal victims' details when they enter. 
22-Aug-2018 07:11
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Look for signs the website is secure. Technology makes it easy for you to make purchases with your credit card online. Without proper security protocols, however, sensitive information like your credit card number can be swiped by cyber crooks. Most websites that take payments will have extra layers of security to block. 
22-Aug-2018 07:17
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