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Is the Cordoba Gold MasterCard really Shariah complaint

The new Sharia-compliant MasterCard is less than meets the eye. The UK's first sharia-compliant prepaid MasterCard was recently launched in London.

The Cordoba Gold MasterCard does not charge or receive interest as this is in direct conflict with Shariah Law. The company also states it donates at least 10% of its profits to registered charities in the UK and abroad. Unlike a credit card where you buy now and pay later, Cordoba Gold is a prepaid MasterCard card, which means that similar to a Pay-As-You-Go phone you can only spend the money that you top-up on to the account. So, with Cordoba Gold you can only spend what you can afford.

Shariah LawCharity giving

Charging for the privilege Cordoba Gold fee schedule:

Nusrat Janjua
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