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The UK's
first Sharia compliant prepaid MasterCard® card could save
customers up to 90%1 when transferring money to Bangladesh, Cordoba
offers an additional card FREE, making it easier to share money with
family and friends. Cardholders simply load funds onto the card and
it is ready for them or their family to use anywhere in the UK or abroad.
The new Gold
prepaid card from Cordoba Finance Group combines the security of a
MasterCard with the ethical financial principles of Sharia finance
and all the benefits that comes with partnering with Advanced Payment Solutions.
Cordoba Gold
card gives access to finance without any credit or danger of
overspending. With no interest charges, late payment fees or minimum
monthly payments, the cardholder can manage their finances
effectively as well as avoid debt.
The Cordoba
Gold Card is the ideal solution for the thousands of Bangladeshi
people in the UK catering industry without a bank account. Applicants
do not need a bank account to apply for a Cordoba Gold Card, there is
no credit check and they can even use the card to improve their
credit rating with creditbuilder.
The Cordoba
Gold card is an ethically driven product compliant with Sharia ideals
of Islamic finance. The Card provides an ethical way to take money on
Hajj (and Umrah) as it is safer than carrying money or traveller's
cheques. As the Cordoba Gold is a MasterCard card, it is accepted at
27.3 million locations globally, including 1.9 million ATMS and other
locations where cash can be obtained.
With Money
Share, customers can save money on big or small amounts, by using
their Cordoba Gold card rather than money transfer companies or
banks. The customer pays the standard cash machine charge for ATM
withdrawals where applicable and any foreign exchange fee (FX fee).
Money is available in minutes when the card is loaded via thousands
of approved retail outlets, and is a cheaper form of money transfer.
Ahmed
Suleiman MBE, Chief Executive Officer of Cordoba Financial Group,
says: "Consumers are tired of hidden charges, high penalty
charges, high interest rates and unclear small print and this card is
an attractive alternative providing a convenient and safe payment
method that is ideal for everyone."
"Additionally,
we believe that true Sharia products rather than creative options
are what the Muslim consumers are demanding. This card is the first
Sharia product that has been specifically developed to address the
real needs of millions of Muslims in Britain, rather than wholesale
Islamic funds geared for governments, institutions and other investors."
In accordance
with the company's policy on charitable giving, customers will not
only benefit from the ethically driven financial product but are also
able to adopt a sense of social responsibility as the card carries
the added value of donating to charity. Cordoba Gold will donate
£1.00 from the internet purchase of the UK's first Sharia
compliant prepaid Mastercard to charities in the UK and abroad.
The new
Cordoba Gold cashplus prepaid MasterCard card is issued in
partnership with Advanced Payment Solutions Ltd (APS) and APS
Financial Ltd (AFL) and MasterCard. Cordoba Gold is supported by
EasiProcess a subsidiary of the Kent and Reliance Building Society.
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