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Money lender Wonga 'offends Sharia law' with Newcastle United shirt sponsorship

Money lender Wonga ‘offends Sharia law’ with Newcastle United shirt sponsorship
Money lender Wonga ‘offends Sharia law’ with Newcastle United shirt sponsorship
10th Oct 2012 1:59pm | By Editor
Newcastle United’s new sponsor, short-term lending company Wonga, is getting plenty of attention, but probably not the kind they’d like.
The Premier League club and the sponsor, who’ve signed a deal worth £24m over four years, has been criticised by the Muslim Council of Britain (MCB) for breaching Sharia law.
Although a legal business, Wonga’s charge of 4,214 per cent annual interest on loans which can be given over the web within 15 minutes is in breach of the Muslim law, which forbids followers from benefitting from lending or receiving money from someone.

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