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A comment on Turkey’s inflation hits 83% as Erdogan vows to keep cutting interest rates. Parent comment

Re:Turkey’s inflation hits 83% as Erdogan vows to keep cutti... by msoad on Monday October 03, 2022 @09:25AM (#33067190)
isn't charging interest illegal in Islam?
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Re:Turkey’s inflation hits 83% as Erdogan vows to keep cutti... by ramesh31 on Monday October 03, 2022 @09:30AM (#33067254)
>isn't charging interest illegal in Islam?

As a straight up APY interest charge, yes. But there is an entire industry of "Sharia finance" that exists to circumvent these rules [0].

[0] https://www.investopedia.com/articles/07/islamic_investing.a...

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