Wonga Founder Errol Damelin |
There is nothing illegal about Wonga’s enterprise, but the firm’s charge of 4,214 per cent APR on its internet-based payday loans has been criticised by local MPs, consumer groups and trade unions. Newcastle's starting eleven against Manchester United contained four practising Muslims, Demba Ba, Papiss Cissé, Cheick Tioté and Hatem Ben Arfa. Under Sharia law, a Muslim is not allowed to benefit from lending or receiving money from someone, which means that earning interest is not allowed. Muslims comply by interest not being paid on Islamic savings, current accounts or Islamic mortgages.
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