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why 'islamic banking'

Reader comment on item: Why I Stand with Geert Wilders
in response to reader comment: Vatican support for Islamic Banking

Submitted by the Grand Infidel of Kafiristan (Australia), Jan 27, 2010 at 17:31

Mr. Soetero writes:

"Vatican supports Islamic Banking. Its seem that Islamic not only base on Koran also in Bible. The Islamic Banking will become the solution of global crises. See the article below:"

The Bible speaks of the ills of unfair usury in certain conditions- that is true.

See such verses as:

"

25 " If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest.
26 "If you ever take your neighbor's garment as a pledge, you shall return it to him before the sun goes down.
27 "For that is his only covering, it is his garment for his skin. What will he sleep in? And it will be that when he cries to Me, I will hear, for I am gracious. (Exodus 22:25-27)
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35 ' If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you.
36 'Take no usury or interest from him; but fear your God, that your brother may live with you.
37 'You shall not lend him your money for usury, nor lend him your food at a profit. (Leviticus 25:35-37)
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19 " You shall not charge interest to your brother -- interest on money or food or anything that is lent out at interest.
20 "To a foreigner you may charge interest, but to your brother you shall not charge interest, that the LORD your God may bless you in all to which you set your hand in the land which you are entering to possess. (Deuteronomy 23:19,20)

So why are you calling non-interest loans 'Islamic banking' ??? When quite clearly Judeo/Christian people in Biblical times were organising their finances to avoid usury?

Submitting....

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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