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usury

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Economics

Are the Muslims Right about Debt?

The Quran denounces riba in the most categorical terms. The term riba is synonymous with the traditional concept of usury, and in modern terms, generally means interest, i.e. exploitative interest on debt, especially to the poor.  Generally, it excludes commercial discounting on current trade — which is not usury or

  • Ahmed Qerni
Ahmed Qerni Jan 3, 2014 • 1 min read
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