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Home»Fintech»Credit building Score Mastercard® by DND Finance the first Shariah-certified credit card in the UK
Fintech

Credit building Score Mastercard® by DND Finance the first Shariah-certified credit card in the UK

July 14, 2022No Comments3 Mins Read
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Credit building Score Mastercard® by DND Finance the first Shariah-certified credit card in the UK
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DND Finance is proud to announce that the Rating Mastercard®, the one secured bank card out there within the UK, can also be the one Shariah-certified bank card within the nation. This primary-of-its-kind product within the UK, the secured Rating Mastercard allows new-to-UK people to transact and construct up their credit score historical past with out compromising the requirements of their Islamic religion.
Based on a publicized evaluate of survey analysis on Muslims in Britain carried out by Ipsos MORI Social Analysis Institute, there are over 2.8 million customers within the UK with the Islamic religion. Over 63% of those Muslim customers have relocated from outdoors the UK. With little to no credit score historical past within the UK, these customers nonetheless have a robust must buy items and transact in each on-line and retail marketplaces whereas following the ideas of their Islamic religion.
“DND Finance is worked up to convey this revolutionary product to British Muslim customers who’ve been searching for a product that meets their wants. There is no such thing as a bank card within the UK that’s Shariah compliant, till now that’s. This product will allow Muslim customers to create a credit score profile, entry the Western promise of an improved life for them and their households, whereas sustaining their religion ideas,” says Invoice Dost, CEO of DND Finance and Founding father of the Rating Mastercard.
“Muslims within the West face the problem of being both financially excluded or pressured to compromise their non secular ideas, as a result of unavailability of appropriate and high quality monetary merchandise. Rating Mastercard, being a halal bank card, is a large initiative in direction of better monetary inclusion and tapping into a distinct segment market,” mentioned Dr Farrukh Habib, co-founder, and director of Shariah Specialists Ltd., that has licensed Rating Mastercard as Shariah-compliant.
The UK based mostly Rating Mastercard by DND helps faith-based people following Islamic ideas to transact on-line and at retail areas in an reasonably priced means, with out compromising their non secular practices. At an reasonably priced APR with no curiosity or late cost charges charged on purchases and excellent balances, the Rating Mastercard offers an incredible answer for Muslim customers who’re new to the UK and need to place themselves in direction of a robust monetary future.

The submit Credit score constructing Rating Mastercard® by DND Finance the primary Shariah-certified bank card within the UK appeared first on Fintech Information.

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