Islam considers the interest on loans to be an instrument of oppression of the poor by the

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Islam considers the interest on loans to be an instrument of oppression of the poor by the wealthy. That is why interest is banned by the Qur'an. Islamic-owned companies do, however, provide financing for purchases such as homes.

a. How could financing be an instrument of oppression?

b. How could financing be an instrument of development?

c. How does this activity remain within Islamic law? ( Religious)

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 07:36 AM

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Islam considers the interest on loans to be an instrument of oppression of the poor by the

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a Loans place someone in someone elses debt and can prevent people from having hope ...View the full answer

Macroeconomics

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