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Interest is the cost of money.

Reader comment on item: The Religious Roots of Turkey's Currency Crisis
in response to reader comment: Interest vs. Profit

Submitted by Prashant (United States), Dec 30, 2021 at 15:02

Dear Dr Pipes, Everything has a cost or price. Thank goodness that everything can be exchanged for a cost or price. Interest is fully moral and it is the cost of money. Simple.

Submitting....

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Reader comments (27) on this item

Title Commenter Date Thread
Extra: "Turkey's Erdogan says he will visit Saudi Arabia in February" [209 words]
w/response from Daniel Pipes
RobertJan 3, 2022 16:00277965
Seeking Restoration Away From Western Influences - Turkiye's Battle for Significance [149 words]M ToveyJan 6, 2022 12:34277965
1If Turkey's Islamic fiscal policy is sinking its currency, why didn't that happen to past Islamic societies? [48 words]
w/response from Daniel Pipes
MR MathewsJan 1, 2022 17:13277935
1Islamic Banking Began in Pakistan in the 1950's. [501 words]RobertJan 2, 2022 18:35277935
Islamic Commerce Not Confined to Caravans Anymore [87 words]M ToveyJan 3, 2022 10:24277935
1Central or National Banking in Turkey Under Erdogan [237 words]RobertJan 3, 2022 13:03277935
Points of Interest In Islamic Banking [105 words]M ToveyJan 3, 2022 17:18277935
Agree with M Tovey but I want to add something. [149 words]PrashantJan 4, 2022 16:48277935
Further Proposition of World Finance Models Competition When Coorperation is Indicated [256 words]M ToveyJan 5, 2022 11:02277935
Trade Deficit Is the Last Fundamental Problem [338 words]
w/response from Daniel Pipes
David RyanDec 31, 2021 00:28277901
Tentacles of Turkey's Lost Secularism are Hard to Sever [141 words]M ToveyDec 31, 2021 17:20277901
1Erdogan's Internation Isolation and "Dialectical" Recent Change [506 words]RobertJan 1, 2022 13:18277901
2Interest vs. Profit [101 words]
w/response from Daniel Pipes
RobertDec 30, 2021 11:06277876
1Interest is the cost of money. [33 words]PrashantDec 30, 2021 15:02277876
1Infation and It's Cost [215 words]RobertDec 31, 2021 09:16277876
2A Penny Saved is a Penny Earned [80 words]RenoxJan 1, 2022 11:49277876
1Creative Islamic Banking - Replacing Interest with Profit [556 words]RobertJan 1, 2022 16:18277876
1Sharia makes did not understand how money works [177 words]PrashantJan 1, 2022 17:18277876
Middle East Finances Governed by Ancient Rules - Prohibited Under Religious Precepts [126 words]M ToveyJan 1, 2022 17:43277876
1Alexis de Tocqueville and Turkey [241 words]
w/response from Daniel Pipes
DaveDec 30, 2021 07:42277873
1Insightful response [62 words]PrashantDec 30, 2021 17:42277873
1Charles-Louis de Secondat, Baron de La Brède et de Montesquieu and American Exceptionalism [463 words]RobertDec 31, 2021 10:30277873
Liberal Democracy is often not realistic [239 words]DaveJan 3, 2022 10:31277873
Prerequisites of democracy [85 words]JeffJan 3, 2022 18:45277873
Certain choices must be withdrawn from Muslims [202 words]PrashantJan 4, 2022 11:28277873
What would be a "reasonable" interest rate in a country with a 21% inflation rate? [27 words]
w/response from Daniel Pipes
Lan AstaslemDec 29, 2021 23:33277860
Mr. Erdoğan's "What Our Religion Tells Us" - Unique Unto Himself [230 words]M ToveyDec 29, 2021 21:11277858

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