Lending support

Lending support

Lending support

First published in Letters
Last updated

MOHAMMAD Asghar AM says the Welsh Government needs to support responsible lending and credit unions (Argus, Tues, 14th Jan 14). He seems to be unaware we are doing just that, so let me take the opportunity to tell him and your readers the action we are taking.

We have been funding credit unions since 2010 and have helped increase membership to approximately 73,000. Our aim is to have six per cent of the population as members by 2020.

Only this week I announced a further £1.2 million of support for a number of projects, including a publicity campaign, money management education and the development of online services.

Credit unions provide access to affordable borrowing and can be especially suitable for people who find themselves unable to borrow from the mainstream lenders or even the payday loan firms we see popping up everywhere. We want credit unions to develop new products to meet the needs of today’s customers.

We are working with credit unions so they can offer a range of services such as accessible loans, encouraging savings and providing budgeting accounts aimed at helping people cope with the new housing benefits rules being imposed by the Westminster government.

These are not just warm words of encouragement, but direct investment so that credit unions can continue to support our communities.

Jeff Cuthbert AM Minister for Communities and Tackling Poverty

Comments (3)

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3:09pm Mon 20 Jan 14

welshmen says...

MOHAMAD Asghar AM says the Welsh Government needs to support responsible lending and credit unions (Argus, Tues, 14th Jan 14).
I say:
By that I would have thought he was trying to get the WAG interested in The Islamic Bank of Britain, run as Sharia Law Compliant....
MOHAMAD Asghar AM says the Welsh Government needs to support responsible lending and credit unions (Argus, Tues, 14th Jan 14). I say: By that I would have thought he was trying to get the WAG interested in The Islamic Bank of Britain, run as Sharia Law Compliant.... welshmen
  • Score: 2

10:01am Tue 21 Jan 14

Mervyn James says...

Why do islamics need own banks ? So we don't know where THEY invest the money ? One suggests it is ethics ! in that investment via an Islamic bank won't invest in alcohol or pig production, and other areas. Unfortunately our concern is WHERE they will invest cash ? will it be with 'charities' that are 'fronts' for al queda e.g. ? Most of the middle east is totally corrupt it is the only way they operate.
Why do islamics need own banks ? So we don't know where THEY invest the money ? One suggests it is ethics ! in that investment via an Islamic bank won't invest in alcohol or pig production, and other areas. Unfortunately our concern is WHERE they will invest cash ? will it be with 'charities' that are 'fronts' for al queda e.g. ? Most of the middle east is totally corrupt it is the only way they operate. Mervyn James
  • Score: 4

11:57am Tue 21 Jan 14

welshmen says...

The Islamic Bank of Britain was founded in 2004 with a £14 Million investment from the Middle East, Muslims the followers of Islam can only use Sharia Law Compliant format, if not it goes against their Holy Book, it was ok to use our Banks for years, when the Numbers rise they want their Banking System, their Law, Sharia Law by STEALTH, they wont stop until they RULE this Country, they already have Sharia Councils who decide on punishments for local disputes, Halal Barbaric slaughtered Meat (lawful) another Law changed to suite the Muslims and Jews (kosher).

A criminal gang in Liverpool Laundered £20 Million of drug money using an old Islamic system called" Hawala" the criminal cash was given to a Hawala money lender abroad who then transferred the money to an Hawala lender in our COUNTRY who then gave the criminals passwords to access the money.

This is just the tip of the Islamic Banking system and our Government will happily go along with this because it's PC, don't want to lose the Muslim vote, this is what the terrorists know and use time and time again, we have killers coming back from Syria, the Muslim Brotherhood have actually opened an office in London above a Kebab shop, Al Qaeda are urging British Syrian fighters to learn how to make bombs and suicide jackets....wake up Government FFS....
The Islamic Bank of Britain was founded in 2004 with a £14 Million investment from the Middle East, Muslims the followers of Islam can only use Sharia Law Compliant format, if not it goes against their Holy Book, it was ok to use our Banks for years, when the Numbers rise they want their Banking System, their Law, Sharia Law by STEALTH, they wont stop until they RULE this Country, they already have Sharia Councils who decide on punishments for local disputes, Halal Barbaric slaughtered Meat (lawful) another Law changed to suite the Muslims and Jews (kosher). A criminal gang in Liverpool Laundered £20 Million of drug money using an old Islamic system called" Hawala" the criminal cash was given to a Hawala money lender abroad who then transferred the money to an Hawala lender in our COUNTRY who then gave the criminals passwords to access the money. This is just the tip of the Islamic Banking system and our Government will happily go along with this because it's PC, don't want to lose the Muslim vote, this is what the terrorists know and use time and time again, we have killers coming back from Syria, the Muslim Brotherhood have actually opened an office in London above a Kebab shop, Al Qaeda are urging British Syrian fighters to learn how to make bombs and suicide jackets....wake up Government FFS.... welshmen
  • Score: 3

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