my understanding is that this doesn't work out in practice, much the same way Christian teachings are ignored or "loopholes" are found. but boy is that the exact right attitude, on paper, to have towards money.
my understanding is that this doesn't work out in practice, much the same way Christian teachings are ignored or "loopholes" are found. but boy is that the exact right attitude, on paper, to have towards money.
There exist Islamic banks though and "islamic" states do have no problems with charging interest. The prohibition against interest also meant antisemitic tropes that were shared with Christians were shared in regards to Jews, who were stereotyped as bankers and financiers, marginalizing the heterogeneity of the group and discriminated against them. In cases were Jewish people were traders who gave credits acts of violence against them were not uncommon.
In some parts and time periods of Europe cause interest payment was seen as somewhat unmoral Jews who were forbidden in participating in plenty of economy were allowed to do that in parts, which served local feudal elites well as violence against Jews was accepted and had hundreds/thousand years of continuity.