If you want to see how banks can make money without violating the biblical injunction against usury, check out this website. Check out the website headline: Islamic banks avoid mortgage crisis. Indeed, they did. It explains how.
They have a USA branch, and the difference between what they do and good old fashioned interest may be subtle, but the fact is structurally their system keeps people from getting hurt in booms. Perhaps that is all the Bible was talking about.
Monday, October 6, 2008
Riba-free Banking
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment