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    Originally posted by Maxiedge View Post
    What about savings? I'm pretty sure Islamic banks offer interest on savings.

    Maybe, the Sharia Law is opposing the fact that Wonga loans are paid back at 100%+ interest which in a way equates to gambling?
    My money doesn't stay in the savings account long enough for it to gain interest

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      Savings is a bit different.. Its like you receive a fixed amount from the bank for the use of your money.. Frankly i see it all the same.. banks will **** you over either way.

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        Originally posted by Robbie-fowler999 View Post
        My money doesn't stay in the savings account long enough for it to gain interest
        Savings of 0.25 annually? We get 9.5% here in India
        Patience when teased often, transforms into rage

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          Originally posted by destinydude View Post
          Savings of 0.25 annually? We get 9.5% here in India
          On savings accounts ????? How strong is the Rupee against the Euro?
          Those that hid Anne Frank were breaking the law.
          Those that killed her, were following the law.

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            Originally posted by kev776 View Post
            On savings accounts ????? How strong is the Rupee against the Euro?
            On 1 yr Fixed Deposits. On Savings accounts, we get b/w 4% and 6% based on the bank you choose.

            I Euro ~ 67 Rupees I guess. I do not know if it is strong or weak
            Patience when teased often, transforms into rage

            Comment


              Originally posted by destinydude View Post
              Savings of 0.25 annually? We get 9.5% here in India
              Trey Nyoni: countdown to stardom- 2 years 1year 0.5 years

              Comment


                Originally posted by Kenneth View Post
                Our annual inflation is high (about 7% to 8% or so I guess)
                Patience when teased often, transforms into rage

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                  Ah ok. But still, our inflation rate is way higher than savings rates.
                  Trey Nyoni: countdown to stardom- 2 years 1year 0.5 years

                  Comment


                    That is because when you are trying to stimulate the economy or pay off the sovereign debt, the savers take the hit.

                    It's because, the banks don't have to pay much to the savers yet charge previously existing rates on loans/borrowing thereby generating more money to be able to pay off quickly.
                    Patience when teased often, transforms into rage

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                      It's not the paying down of sovereign debt though, it's the 'repairing of balance sheets' for the banks by government approved profiteering.
                      Trey Nyoni: countdown to stardom- 2 years 1year 0.5 years

                      Comment


                        Yea it could be that in the U.K and the U.S

                        I'm surprised that we were one of the least affected by the recession and that was largely due to the fact that we carried very little of 'international banking' on our balance sheets.
                        Patience when teased often, transforms into rage

                        Comment


                          Originally posted by Shaggy View Post
                          Well...the press aren't making it up but I can well imagine the Muslim Council of Britain are doing this for a bit of publicity, raise their profile etc, knowing full well it's a load of ****e.
                          Yeah, the MCB aren't above talking themselves up.

                          Still, dealing with a company like Wonga does Newcastle no credit.

                          Sorry about the pun.
                          .
                          Suppose you have a physicist and a sociologist standing at the side of a field, observing a set of events unfolding on the field. The physicist does [describes] it using the terminology of mass and velocity and frequency of radiation and the rest. And the sociologist does it by describing it as a rugby match.



                          May the Lord bless this post.

                          Comment


                            Originally posted by Neil Young View Post
                            Yeah, the MCB aren't above talking themselves up.

                            Still, dealing with a company like Wonga does Newcastle no credit.

                            Sorry about the pun.
                            No you're not.
                            That rug really tied the room together.

                            Comment


                              Luis Boa Morte has signed for Chesterfield.

                              Comment


                                Originally posted by Lee View Post
                                Luis Boa Morte has signed for Chesterfield.
                                Shaggy will be delighted.
                                Are we winning?

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