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If Turkey's Islamic fiscal policy is sinking its currency, why didn't that happen to past Islamic societies?

Reader comment on item: The Religious Roots of Turkey's Currency Crisis

Submitted by MR Mathews (India), Jan 1, 2022 at 17:13

Christendom prohibited Christians from lending at interest at one time. That's why their lenders were Jews. If Islamic societies had so such lenders, how did they survive and prosper, and how did their currencies retain value? It would have been nice if the article gave insight into that.

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Daniel Pipes replies:

There was no space. In brief, traditionally Muslims found tricks to get around the Shari'a's ban on interest.

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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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