Diary of a BANKER-Part 32
In the ancient Near East, the early religious systems and it’s related symbols arising from them did not prohibit “usury”(the practice of making unethical or immoral monetary loans).
These communities considered the non-living materials as living ones (like the plants, animals and people) since they are capable of reproducing themselves, so if you have lent “food money” or cash money of any kind, it was legitimate to charge interest. Food funds were lent in the form of (olives, dates, seeds or animals) back since 5000 BC., or even earlier, so among (Mesopotamians, Hittites, Phoenicians and Egyptians) the interest was considered legal and often reformed by the state.
Hereafter i will talk more about the religious restrictions on interest from the point of view of the 3 religions (Judaism, Christianity and Islam) according to their thoughts emerged from the “Torah” (the central reference of Judaism), “Christianity churches” and the “Quran” (literally meaning “the recitation”, romanized as Quran or Koran, it’s the central religious text of Islam).
To be continued with Diary of a BANKER Part- 33
The text published in this post is my original work with a help from History of banks.
Some images are from different sources click on the link below the image to view the source.
**Kindly don’t forget to check the old parts from “Diary of a Banker” for entertainment and more information.
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