Re:Reddit's GameStop, AMC surge is the new Occupy movement
by einarfd on Thursday January 28, 2021 @12:39PM
(#25945440)
My understanding is that it isn't the loan that is banned but charging interest. A fairly simple workaround would then be to charge a monthly fee instead, and you would then end up with something that in practice is more or less the same.
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Re:Reddit's GameStop, AMC surge is the new Occupy movement
by gher-shyu3i on Thursday January 28, 2021 @01:23PM
(#25946376)
> A fairly simple workaround would then be to charge a monthly fee instead, and you would then end up with something that in practice is more or less the same.
No. Islam bans all these workarounds. What you describe is still a money for money exchange. Interestingly enough, Islam does not just ban interest, it has a concept of Riba, which includes interest/usury, but encompasses other transactions as well. What you describe falls squarely under Riba.
Re:Reddit's GameStop, AMC surge is the new Occupy movement
by npteljes on Thursday January 28, 2021 @12:50PM
(#25945659)
This is my takeaway with religious practice. If something is desired, but banned, people will find something that is practically similar enough, and technically allowed by the religion.
Re:Reddit's GameStop, AMC surge is the new Occupy movement
by whiddershins on Thursday January 28, 2021 @02:50PM
(#25947982)
In practice, religions tend to have institutions that parse and interpret the text, and make a clear, unambiguous interpretation for a given situation.
So people might tell themselves they are doing a workaround, but it is not really valid from the point of view of the organized religious body.
Re:Reddit's GameStop, AMC surge is the new Occupy movement
by gher-shyu3i on Thursday January 28, 2021 @01:24PM
(#25946387)
Except with Islam, since its texts are clear enough to warn about and prohibit what you're describing. Don't lump all religions together.