“”Muslims are prohibited from engaging in interest payments on loans and other financial products. “”
I wonder if they object to interest INCOME or just PAYING interest! Do they get home loans or business loans without interest? How does that work?
I know. I was wondering that myself.
In theory, its also supposed to be interest INCOME.
I.E, there are some Muslims who refuse the interest they make on their savings (or donate to the poor), which is how this is supposed to work.
In terms of practical purposes in the modern world, its not practical. Although if we went away from usury, many of the financial problems this country faced would start to evaportate