← Back to context Comment by za3faran 18 hours ago Loaning money as per Islamic Law is a charitable act, not one of exploitation. 4 comments za3faran Reply avadodin 12 hours ago Nice to get a callback to previously acquired knowledge with what I assume is an arabizi (sp?) handle.Islamic trade is certainly one of the best models out there but I think in many cases in practice it is still applied subversively.It is not enough to ban mechanisms like usury, designed and intended to exploit.One has to go after the very subversion of legitimate practices for illegitimate goals. UltraSane 18 hours ago reasonable interest rates aren't exploitation. Business Loans serve a critical role in economic activity by putting free cash to more productive use. za3faran 4 hours ago All interest is usury in Islamic Law (and the laws before it such as Christianity and Judaism). There are ways to to put free cash into productive use without exploitation. UltraSane 36 minutes ago I understand and I disagree. Interest isn't always "exploitation". A 5% loan isn't exploitation and it is very stupid to ban such things.
avadodin 12 hours ago Nice to get a callback to previously acquired knowledge with what I assume is an arabizi (sp?) handle.Islamic trade is certainly one of the best models out there but I think in many cases in practice it is still applied subversively.It is not enough to ban mechanisms like usury, designed and intended to exploit.One has to go after the very subversion of legitimate practices for illegitimate goals.
UltraSane 18 hours ago reasonable interest rates aren't exploitation. Business Loans serve a critical role in economic activity by putting free cash to more productive use. za3faran 4 hours ago All interest is usury in Islamic Law (and the laws before it such as Christianity and Judaism). There are ways to to put free cash into productive use without exploitation. UltraSane 36 minutes ago I understand and I disagree. Interest isn't always "exploitation". A 5% loan isn't exploitation and it is very stupid to ban such things.
za3faran 4 hours ago All interest is usury in Islamic Law (and the laws before it such as Christianity and Judaism). There are ways to to put free cash into productive use without exploitation. UltraSane 36 minutes ago I understand and I disagree. Interest isn't always "exploitation". A 5% loan isn't exploitation and it is very stupid to ban such things.
UltraSane 36 minutes ago I understand and I disagree. Interest isn't always "exploitation". A 5% loan isn't exploitation and it is very stupid to ban such things.
Nice to get a callback to previously acquired knowledge with what I assume is an arabizi (sp?) handle.
Islamic trade is certainly one of the best models out there but I think in many cases in practice it is still applied subversively.
It is not enough to ban mechanisms like usury, designed and intended to exploit.
One has to go after the very subversion of legitimate practices for illegitimate goals.
reasonable interest rates aren't exploitation. Business Loans serve a critical role in economic activity by putting free cash to more productive use.
All interest is usury in Islamic Law (and the laws before it such as Christianity and Judaism). There are ways to to put free cash into productive use without exploitation.
I understand and I disagree. Interest isn't always "exploitation". A 5% loan isn't exploitation and it is very stupid to ban such things.