Real Economy and Islamic Finance 💸 Despite not answering the question he ...
... forwarded in the beginning, this video provides a look on how Islamic Banking differs from conventional banking.
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... forwarded in the beginning, this video provides a look on how Islamic Banking differs from conventional banking.
That was interesting and quite well explained. I'm used to debt-based economies where money buys time but at the cost of inflation. But as he explained, debt can get out of hand quickly.
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Yeah, even Islamic societies are in this hell-hole now, but at least we started to know why God made this forbidden.
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And, if I'm correct, debt forgiveness was also highly encouraged.
Yeah, debt forgiveness is encouraged in Islam. Though I think it's rare nowadays...
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