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i have read it but i forget, i think they charge high fees and such to compensate, but they dont use the word interest

2006-11-05 07:48:39 · 4 answers · asked by SWANY 2 in Social Science Economics

4 answers

In ISLAM (the fastest growing religon in the world) interest is forbidden.
As should be evident by now, to base an economy on interest is a pretty stupid way of servicing a nation's need to produce, consume and trade. It results in the evils of inflation, unemployment, decline of services, trading war, and finally, shooting-wars. Using interest rates as a means to control the problems of a nation's economy is futile, as these problems were created by interest in the first place!!!
Islam does not use high fees to compensate and it does use the word interest; but in arabic of course because that's the language of the Quran.
k tc
bye

2006-11-05 08:03:01 · answer #1 · answered by Anonymous · 0 1

The general idea behind the religious view of non-interest.., it only applies to a fellow brother or sister in the faith (Judaism, original Christianity or Islam) - not to charge the poor interest at all.

The wealthy can afford interest. Of course I am sure there a minute details that change from religion to religion.

2006-11-05 16:04:13 · answer #2 · answered by Victor ious 6 · 0 1

Lutheran's

2006-11-05 16:34:25 · answer #3 · answered by Tenpa 1 · 0 0

ISLAM

2006-11-05 16:01:28 · answer #4 · answered by miraclehand2020 5 · 1 0

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