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**FBtquXT8** · 09-04-2012, 04:22 AM

Muslims should be asking themselves..can the government take out a debt in my name without my consent?

Government prints treasuries and bonds (paper notes).....they sell these in the market. Person A buys the bond for $1000, the government says anyone who returns the bonds and treasuries to the government a year from now will be paid $1100...$100 is interest. Another option is the government gives the treasuries and bonds to the central bank which then creates money from nothing to pay to the government....we pay our taxes which pay off interest on the debt.

The government then spends this borrowed money on weapons for killing people around the world., for schools, education, welfare, etc. We then pay our taxes which go towards repayment of the interest on the debt.

If A takes out a loan from B and says C will pay, while C has not agreed to this, is this practice halal in Islam?

A is the government, B is the money lender, C is the people who pay taxes.

09-04-2012, 04:22 AM	#23
FBtquXT8 Join Date Oct 2005 Posts 492 Senior Member	Muslims should be asking themselves..can the government take out a debt in my name without my consent? Government prints treasuries and bonds (paper notes).....they sell these in the market. Person A buys the bond for $1000, the government says anyone who returns the bonds and treasuries to the government a year from now will be paid $1100...$100 is interest. Another option is the government gives the treasuries and bonds to the central bank which then creates money from nothing to pay to the government....we pay our taxes which pay off interest on the debt. The government then spends this borrowed money on weapons for killing people around the world., for schools, education, welfare, etc. We then pay our taxes which go towards repayment of the interest on the debt. If A takes out a loan from B and says C will pay, while C has not agreed to this, is this practice halal in Islam? A is the government, B is the money lender, C is the people who pay taxes.
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