Re:Digital banking, now halal
by doesnotexist on Friday September 18, 2020 @11:44AM
(#24518223)
Surely most people will continue to be able to find a bank that will lend them money under familiar terms of interest. I find it hard to believe or take seriously that an Indonesian body certifying financial instruments of debt as Halal is going to upend JP Morgan and the western banking system en masse.
Exactly, in my religion/culture eating Halaal is forbidden, because of 100s of years of wars with Muslim Rulers. Forcing or scaling Halaal to transform the market that we non users have no choice will be totally unacceptable.
A closer example might be the MPAA (US film rating group). It's a voluntary certification, but it's become a de facto requirement such that the small, opaque, non-government group shapes the level of violence (high) and nudity (low) in all TV and films.