Digital banking, now halal

Re:Digital banking, now halal by runawaybottle on Friday September 18, 2020 @10:14AM (#24517032)

I don’t think this is specific to Sharia law, those rules on lending is for Islam in general. I think giving away 30% of your income to the poor every year is one of the five pillars of Islam as well.

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Re:Digital banking, now halal by doesnotexist on Friday September 18, 2020 @10:51AM (#24517490)

There is no set amount or percentage dictated by the Quran. Usually the customary amount is ~2.5% of capital assets earned in a year. And apparently somewhere around 20% on mining income, which obviously is only applicable to small number of people who own interests in mining operations.

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Re:Digital banking, now halal by fakedang on Friday September 18, 2020 @10:47AM (#24517443)

1.) Islamic law is the same as Sharia law 2.) It's 2%, and in the past often collected as tax.

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Re:Digital banking, now halal by insulanian on Friday September 18, 2020 @01:26PM (#24519496)

It's 2.5%

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Re:Digital banking, now halal by fakedang on Friday September 18, 2020 @05:54PM (#24522262)

Yeah, my bad. But still nowhere near the 30% mentioned by the original comment.

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