69 million page views

Points of Interest In Islamic Banking

Reader comment on item: The Religious Roots of Turkey's Currency Crisis
in response to reader comment: Central or National Banking in Turkey Under Erdogan

Submitted by M Tovey (United States), Jan 3, 2022 at 17:18

While there is the concensus that money and finances in Islam are not necessarily following traditional rules of western banking, the question remains: does Erdo─čan's Turkey survive as he envisions it; or does it flounder in his attempt to survive while the rest of Islam does embrace capitalism as socialists countries like China and Russia compete in a capitalistic environment? As the saying goes (paraphrased), 'he who rules the gold makes the rules,' or something like that. To your point: does Erdogan have enough gold (banking stake) to make that bid? It's not like Turkey is the center of any ancient trade routes any more.

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".

Comment on this item

Mark my comment as a response to Points of Interest In Islamic Banking by M Tovey

Email me if someone replies to my comment

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".

See recent outstanding comments.

Follow Daniel Pipes

Facebook   Twitter   RSS   Join Mailing List

All materials by Daniel Pipes on this site: © 1968-2022 Daniel Pipes. daniel.pipes@gmail.com and @DanielPipes

Support Daniel Pipes' work with a tax-deductible donation to the Middle East Forum.Daniel J. Pipes

(The MEF is a publicly supported, nonprofit organization under section 501(c)3 of the Internal Revenue Code.

Contributions are tax deductible to the full extent allowed by law. Tax-ID 23-774-9796, approved Apr. 27, 1998.

For more information, view our IRS letter of determination.)