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Middle East Finances Governed by Ancient Rules - Prohibited Under Religious Precepts

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

Submitted by M Tovey (United States), Jan 1, 2022 at 17:43

Before Islam, the issues of 'interest' on monies lent for business or other financial transactions (usury, personal loans) were conducted under Biblical principles laid out in the Torah and Tanakh and there were differences set between members of the priesthood and children of Abraham, Isaac and Jacob (do not collect usury); and 'strangers' (non-Jewish) outsiders allowed for usury to be permitted).
Later references used by Yeshua indicated that usury was tolerated if not specifically licensed.
In this modern world that is secularly unbound by not observing such rules, interest is a form of financial bondage and both religious and non religious sectors of societies seeking fortunes for personal freedoms continue such things in contradiction to seeking the best interests of mankind in peacetime pursuits of life.

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