Post by rituritu on Sept 10, 2023 6:14:05 GMT -5
Opinions regarding usury, which is often defined as interest or profits obtained from financial transactions, have been a long and complex debate in many religions. In the context of conventional bank interest, the three main religions — Islam, Christianity, and Judaism — have varying views regarding this concept. This article will discuss a comparison of these religions' interpretations of usury in conventional bank interest.
Islamic Perspective
In Islam, usury is considered a major sin and is expressly forbidden in the Koran. The Islamic view of usury is based on the principles of justice and the avoidance of exploitation. Conventional bank interest is considered usury, because the money given by banks to borrowers produces profits without any real risk. This goes against Islamic economic principles that encourage fair sharing of risks and profits.
Christian Perspective
The Christian approach to usury is more varied. Although in some Phone Number List Christian denominations views are found against usury, in the majority of cases, the prohibition of usury is not implemented as harshly as in Islam. The Christian understanding of financial ethics is more related to integrity in transactions and avoiding exploitation of the poor. Some Christians argue that usury remains immoral, while others may view it as more flexible in a modern economic context.
Jewish Perspective
In Jewish tradition, the prohibition of usury is also recognized as an ethical principle. In the Torah, the prohibition on giving flowers to fellow Israelites is emphasized. However, Jewish approaches to conventional bank interest tend to be more diverse. Some Jewish communities consider conventional bank interest to be usury and avoid it, while others may allow it in some situations due to the differences between the modern and ancient contexts.
Islamic Perspective
In Islam, usury is considered a major sin and is expressly forbidden in the Koran. The Islamic view of usury is based on the principles of justice and the avoidance of exploitation. Conventional bank interest is considered usury, because the money given by banks to borrowers produces profits without any real risk. This goes against Islamic economic principles that encourage fair sharing of risks and profits.
Christian Perspective
The Christian approach to usury is more varied. Although in some Phone Number List Christian denominations views are found against usury, in the majority of cases, the prohibition of usury is not implemented as harshly as in Islam. The Christian understanding of financial ethics is more related to integrity in transactions and avoiding exploitation of the poor. Some Christians argue that usury remains immoral, while others may view it as more flexible in a modern economic context.
Jewish Perspective
In Jewish tradition, the prohibition of usury is also recognized as an ethical principle. In the Torah, the prohibition on giving flowers to fellow Israelites is emphasized. However, Jewish approaches to conventional bank interest tend to be more diverse. Some Jewish communities consider conventional bank interest to be usury and avoid it, while others may allow it in some situations due to the differences between the modern and ancient contexts.