I knew what he meant about Islamic banking, was more commenting on the grammar. Interest rates can be high (or exist at all) in Iran because legally it's not a

I knew what he meant about Islamic banking, was more commenting on the grammar. Interest rates can be high (or exist at all) in Iran because legally it's not actually interest. I understand it to be some sort of equity arrangement legally where the interest is actually dividends. But for macro purposes, it's interest rates.