I read through the link a few times and it seems not to support your point at all. This bank is not actually a ful-reserve bank; they still issue loans, and therefore the deposits immediately available are less than the total deposits owned by customers.
They just replace "interest" with "savings points" in an attempt to address the perceived evils of usury. Like Sharia-compliant banking, it's a deceitful shell game of syntax to comply to the letter of a principle.
Can someone explain how a bank can issue a loan and still maintain 100% of its deposits in cash on hand? A full-reserve bank merely becomes a storage business for a customer's cash; there can be no loans.
