DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - best policies for islamic states and countries

**buchmausar** · 01-15-2012, 08:55 PM

It is a very nice system but i think the interestis still there because, even if i sell my bananas for somone's oranges, we both still have to buy them first ourselves and pay interest. correct?

there is no money involved. only trading of goods and services. i think some of these groups have their own currency system. eg if i carry out a service for someone then instead of giving a service or some goods back to me they give me x amount of credits which i can then spend on service or goods from someone else.

some creases will need to be ironed out to make it shariah compliant, but if people are really interested in moving away from interest based currencies and giving less tax to the governement as much as possible then it can work.

01-15-2012, 08:55 PM	#16
buchmausar Join Date Oct 2005 Posts 548 Senior Member	It is a very nice system but i think the interestis still there because, even if i sell my bananas for somone's oranges, we both still have to buy them first ourselves and pay interest. correct? there is no money involved. only trading of goods and services. i think some of these groups have their own currency system. eg if i carry out a service for someone then instead of giving a service or some goods back to me they give me x amount of credits which i can then spend on service or goods from someone else. some creases will need to be ironed out to make it shariah compliant, but if people are really interested in moving away from interest based currencies and giving less tax to the governement as much as possible then it can work.
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