Re:How interest-free banking works: The case of JAK
by ygmelnikova on Tuesday May 13, 2014 @08:58AM
(#7737878)
Besides the Jubilee, there was a 'release' every 7 years, where 'every creditor that lends unto his neighbour shall release it'.
In ancient Israel, real estate was forbidden to be permanently 'sold'. You could lease it out for 50 years, but at the Jubilee, it would return back to the family.
In ancient Israel, real estate was forbidden to be permanently 'sold'. You could lease it out for 50 years, but at the Jubilee, it would return back to the family.