Why do Muslims forbid interest?

But why?

Attached: 1537054082283.jpg (720x478, 94K)

they didnt have money in arabia

"The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural object of it. For money was intended to be used in exchange but not to increase at interest. And this term interest (tokos), which means the birth of money from money is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth, this is the most unnatural.” -Aristotle

Same reason christians do. Same reason Aristotle thought it was bad too

Lol Aristotle is a retard

I don't know.
Jews?

You're stupid for not understand the sociopolitical conditions of Ancient Greece, and should be hanged for it

There has been ZERO stock market crashes in the Muslim world.

There has been zero progression in the Muslim world also.

>t. Aristotle
Lol fuck off retard

That's nice but what is the motivation to loan large sums of money for any length of time without interest? Good feels? Fuck no. Interest compensates the lender for losing access to that capital and using it on their own for other value accretive things. No interest, no loans. No loans you lock out the serfs from maybe making something of themselves in business.

loans create vicious cycles which drive up the prices for pretty much all goods
I agree that there needs to be some kind of incentive to loan out money obviously but it is simply a different way of looking at the economy(look at the ridiculous shit system we have created with banks where they only have to hold. a small % of what they loan out and thus practically gorilliondouble the money supply, increasing prices for everything for everyone).

Now, the part where this gets shitty is if all the lenders get together and decide to standardize their interest rates. That is not dissimilar to retailers price fixing their goods, which creates a scenario where prices rise across the board and free competition is stifled. Nasty business.

True. Particularly so with a modern example like student loans. Student loans being allowed to be bankruptcy ineligible, loss insured, etc. has allowed post secondary education costs to balloon, all for the benefit of bank, government, and educational institutions at the expense of the students.

The real problem with interest is the debt it creates which is based on nothing and cannot be paid.

no brainlet, there are problems with the modern credit system but the real problem is centralized banking where money can be created at will out of thin air. if creditors couldn't access money at discounted rates they would be more incentivized to do their due diligence and not lend to unproductive degenerates (ie, issue loans appropriately backed by a debtor's physical assets or income stream)

Kys juden

Yes because Muslim ruled Spain never happened or anything, typical low iq amerimutt.

>Israel: The Post

they not, buy they love Allah more than computers, lol

christians forbid usury too
it's the only rational idea to come from abrahamic religion.

It is considered unearned like gambling

It does not come from the religion though. It was adopted by them(like the Logos or the trinity), but it's much older.
Manly cultures usualy despise merchants

Thread

More importantly why do Muslims forbid BOOBS.

Interest is one of the few things pertaining to money that increases its utility significantly, but at great cost to societies long term health.

The reason is to lock people/families/tribes into place in Society. If there is no interest the wealthy remain wealthy because why would they bother risking lending it with no possible gain.

The poor therefore cannot borrow and take risks, accumulate assets or otherwise improve their lot.

It helps keep everyone thinking about and devoting their life to Allah.

A darn good system if you already have the wealth.

If it weren't for the ability to borrow/loan money at interest, technological and civilizational progress would be hundreds of years behind where it currently is.

Yeah, it also creates problems, so it's a double-edged sword, but everything is a double-edged sword.

>L-lets go back 500 years ago!!
Yeah, zero progression.

The world would be better if everything was equity financed rather than debt financed. In home ownership for example, you make regular payments to increase your stake in your home rather than have a mortgage, and credit risk becomes a non-issue.

The Muslims had it all figured out early.

So people cant acquire capital in the Middle East to extract oil. Only the government and the connected can get the subsidized financing.

This actually makes sense. Interesting

In Islam all money needs to be earned through hard work. Islam opposes unrestricted capitalism and the early caliphates were mostly socialist systems. Muhammad said that all interest does is make the rich richer and the poor poorer. However there is an argument to be made for limited companies and government bodies implementing interest as they will of course go to compensate the general public.

>pink ID
never gonna make it

I don't think that would work in practice.

Attached: 1537082993098.jpg (769x798, 116K)

I used to be an anti interest brainlet until I started really thinking it through.
Lending out money has a non zero risk associated with it of not getting it (all) back. There has to be an incentive for the lender, incentives make the world go round. The only other way is theft (like gibs).

Debt financing can also fuel growth in companies. Funding your growth with your own profits can take much more time. (example: venture capital in silicon valley)

>In home ownership for example, you make regular payments to increase your stake in your home rather than have a mortgage, and credit risk becomes a non-issue
The bank also runs zero credit risk now (if the asset price is stable or goes up) because they have first claim on your house if you don't pay. That's why it's called a mortgage and not a loan. Your system looks more like leasing with an option to buy the asset.

>zero progression

qatar invented LnG you ignorant npc

because they are antisemites!

>A Federal Reserve bank is a privately owned corporation established pursuant to the Federal Reserve Act to serve the public interest

britannica.com/topic/Federal-Reserve-System

en.wikipedia.org/wiki/Paul_Warburg

youtube.com/watch?v=ySVGAS9JkPY

Attached: 1537094360851.jpg (600x396, 98K)

But the banks aren't loaning' you anything....You create the 'money'...

bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654

There is no contract with the bank as they took no risk.......ie. no reason to give them interst either...

FYI ALL national tax goes to the interest ONLY

from 'The Grace Commission'
The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. "With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government."

Because nature has a finite supply, so the idea of interest is absurd. Creaing something out of nothing (printing money) is something only god can do. So interest is satan's vessel.

(((they))) are not hiding it but they are very succesful at supressing any discussion about it. why else would there be so many jews in finance and hollywood.

Attached: 5bda312cbca9a59961311cb387251573.jpg (619x406, 47K)

They don't know how to calculate percentages.

you're conflating different problems though
interest isn't the issue, human-controlled inflation is
there would be no problem with interest if banks didn't create money out of thin air

Ha ha ha

Funny fact, the word Elohim can refer to a Judge, a lot of people think that when they read Elohim they are reading the word god. But Judges can also be referred to as Elohim.

Actually I don't know how funny that really is

dumbfuck motherfucker Aristotle was WAF and you're just a little bluepilled faggot

Attached: totale-retart.png (226x223, 5K)

>Interest creates more money out of thin air, thus diluting the value by increasing the total supply

>Everybody loses money by this, except for the ones lending the money with interest.

>The people borrowing money with interest lose 2x

You are a cunt and a liar

because god said so.

because they know you can't outjoo the joo