Islamic Money Transfer – Muslim Money Services London

International money transfer agents, such as Western Union and Moneygram,
offer a quick way to send and receive money to/from those back home but
this can be quite expensive. Money can be sent online, over the phone or at
an agent's branch and must then be collected at a local branch in the recipients
country. But again this method is expensive, particularly for small sums.
For example, to send 496 Polish zloty (equivalent to £93.80) from the UK would
cost about £100, which takes into account the exchange rate and a £4.99 fee.

The solution is a prepaid credit cards supplier where you obtain additional
supplementary cards to send to your siblings anywhere in the world where they
are able to access funds via atms that are part of the visa/mastercard network.
This then becomes a simple solution for sending & receiving cash on a card to
card basis, with low charges.

Additionally if the people you wish to transfer money to live overseas, they can
obtain the cash you have transferred to their card via cash machines locally in
the country where they are located, in the local currency at a low card to card
transfer cost, or anywhere in the world where you see the mastercard mark on a
cash machine. All applicants need to have a UK address and able to provide proof
of address (a copy utility bill – not mobile phone) and copy ID eg; passport or
drivers license.

Only cleared funds on the senders account can be transferred and will be
available to withdraw within 24 hours. Both sender and receiver need to have
individual prepaid debit card accounts in order for the money transfer solution
to succeed. It is ideal for parents who have students studying overseas, where
they need to be able to send them cash at short notice using a quick, secure
and safe method.

The general operational aspect of the mastercard has 'sharia-compliant' aspects
and therefore can be suitable for Muslims and Islamic faith individuals, as
only fixed fees will be charged to the customer for various transactions.
It is also a cost effective and ideal way to obtain foreign currency in cash
in another country when travelling on holiday. There is no interest charged
or paid on credit card deposits.

We will pay a portion of profits to a registered UK charity. It can be an alternative
Muslim & Islamic money exchange service for those foreign nationals living or
working in London and other parts of the UK, who have counter-parts that live overseas