4 ms·

It really does. I believe it's really bad for society as a whole. I know not everyone agrees, but as a Muslim, it's really tough for me thinking of starting a

It really does. I believe it's really bad for society as a whole. I know not everyone agrees, but as a Muslim, it's really tough for me thinking of starting a business without loans from a bank. I'll eventually have to find an investor, or better save up enough to get started slowly.

atonse 4y ago
Sorry but a genuine question, what does being a Muslim have to do with the rest of your statement? I have read/heard that early Christianity had something against charging interest or similar. Is it the same with Islam? Was that related to stories of money lenders being mostly Jewish? (Or were they? Or was that some rumor to stoke resentment?). Apologies if I’m asking too ignorant a question. I don’t come from a Judeo-Christian background.
- Bilal_io 4y ago
  Usery is forbidden in the 3 Abrahamic religions, which are Islamic, Christianity and Judaism. My historic understanding (I am happy to be corrected) was that Jewish people practiced usery with non-jewish people but was forbidden within them, and at the same time it was not practiced at all by christians, and that was an opportunity for Jewish merchants during the crusades to establish what we know today as banking. Christians couldn't travels from Europe to Jerusalem safely without being robbed, so they'd get a note from a Jewish person in Europe and cache it on the other side, and vice versa. Today, most Christians from what I see do not mind dealing with usery. Most Muslims still stay away from it as it's considered riba.
  - pfortuny 4y ago
    Usury is not interest. Interest is not usury. They are different things, at least in out modern language. One has a moral value, the orher has not.
- recursivedoubts 4y ago
  https://en.wikipedia.org/wiki/Islamic_banking_and_finance https://en.wikipedia.org/wiki/Islamic_banking_and_finance "Sharia prohibits riba, or usury, defined as interest paid on all loans of money"

atonse 4y ago

Sorry but a genuine question, what does being a Muslim have to do with the rest of your statement? I have read/heard that early Christianity had something against charging interest or similar. Is it the same with Islam? Was that related to stories of money lenders being mostly Jewish? (Or were they? Or was that some rumor to stoke resentment?). Apologies if I’m asking too ignorant a question. I don’t come from a Judeo-Christian background.

Bilal_io 4y ago
Usery is forbidden in the 3 Abrahamic religions, which are Islamic, Christianity and Judaism. My historic understanding (I am happy to be corrected) was that Jewish people practiced usery with non-jewish people but was forbidden within them, and at the same time it was not practiced at all by christians, and that was an opportunity for Jewish merchants during the crusades to establish what we know today as banking. Christians couldn't travels from Europe to Jerusalem safely without being robbed, so they'd get a note from a Jewish person in Europe and cache it on the other side, and vice versa. Today, most Christians from what I see do not mind dealing with usery. Most Muslims still stay away from it as it's considered riba.
- pfortuny 4y ago
  Usury is not interest. Interest is not usury. They are different things, at least in out modern language. One has a moral value, the orher has not.
recursivedoubts 4y ago
https://en.wikipedia.org/wiki/Islamic_banking_and_finance https://en.wikipedia.org/wiki/Islamic_banking_and_finance "Sharia prohibits riba, or usury, defined as interest paid on all loans of money"