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za3faranyesterday at 3:25 AM2 repliesview on HN

Loaning money as per Islamic Law is a charitable act, not one of exploitation.


Replies

avadodinyesterday at 9:14 AM

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.

UltraSaneyesterday at 3:45 AM

reasonable interest rates aren't exploitation. Business Loans serve a critical role in economic activity by putting free cash to more productive use.