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Extra: "Turkey's Erdogan says he will visit Saudi Arabia in February"

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

Submitted by Robert (United States), Jan 3, 2022 at 16:00

Dear Dr. Daniel Pipes,

The Quote in my title is from an Article online in the news section of Google. The Article is not important; what is important is the announcement of the trip next month to Saudi Arabia.

I will assume now two (2) thing: (1) that Erdogan is a Smart Islamist, and (2) that Islamic Banking as evolved substantial to eliminate Interest by replacing it with Profit which conforms to Sharia Law, especially among the wealthy Gulf States, particularly Saudi Arabia, UAE, and Bahrain.

From these assumptions I assume that next month (in February) Erdogan will plead his case in Saudi Arabia that he needs their Islamic Banks to bail Turkey (him) out because he's elimination the secular Interest banking system of Turkey.

Whether he'll succeed or not is another story. But it would be a brilliant move on his part, don't you agree? He will implicitly blame Ataturk for permitting Turkey to participate in the Profit-Based Banks of the Usurious West. It will be an act not unlike his restoration of the Hagia Sophia Cathedral Museum back into the Moslem Mosque it had become after its conquest in 1453 by (Ottoman) Fatih Sultan Mehmed. My hypothesis is obviously consistent with President Erdogan Neo-Ottoman ambitions and Ego.

Submitting....

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".

Daniel Pipes replies:

I don't see this trip as fixing Erdoğan's financial mess. It's more him saying, "Enough about Khashoggi, let's move on. Oh, and a few bucks would be helpful."

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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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