A company claims to have launched the UK’s first sharia-compliant prepaid MasterCard.
The Cordoba Gold MasterCard does not charge or receive interest as this is in direct conflict with sharia Law.
The company also donates at least 10% of its profits to registered charities in the UK and abroad.
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A company spokesman said: “Because this is a prepaid card, the customer pays no interest on their balance.
“The difference with this card is that Cordoba Financial Group does not earn any interest on the balance either.
“Normally when someone puts money on a prepaid card the company that issues the card will earn interest on the balance until the person spends it.
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