Islamic Banking
Islamic Banking does not abolish interest — it understands it correctly. What the prohibition of Riba forbids is money without consideration continuity, not rupture.
Pages on money, the MoMaT theory of money, and monetary systems.
View all tagsIslamic Banking does not abolish interest — it understands it correctly. What the prohibition of Riba forbids is money without consideration continuity, not rupture.
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Shortest summary of the money theory from MoMaT-A, the axiomatics of economics.
Marx was wrong with his answer to the important question: "Where does profit come from?"