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@elizarn Money is not a form of interest, the paper money we have today however, is created through usury. Secondly you can still have Riba without paper money, the laws against Riba were revealed to previous prophets in the ancient Babylon/Sumer where there would be usurious transactions on...

@jdsnyd There's a book called the Problem with Interest by Tarek el Diwany, and there's this website as well: http://islamic-finance.com/indexnew.htm

@elizarn If its tax avoidance you want and appreciation of asset values, then an Islamic finance sub isn't where you'll get these answers. Talk to your accountant

@elizarn Because economics is a complex topic and most Muslims, including scholars aren't educated well. Secondly, the resources are there, you aren't looking very well. I could pick up the phone and talk to experts in Islamic finance because I went out if my way to find them.

@chanticleera The lender does bear some risk, but very little in comparison to the debtor. E.g - you take a business loan from the bank, if you're venture fails, then the bank takes the collateral and minimised it's risk. You however have failed in your business are are left with nothing. And...

@elizarn Riba isn't just any increase in addition to what was lent. Islamic scholars have long accepted the time-value of money and completely accept the need to discount future risk. This alone doesn't embed Riba into a transaction. Part of the issue with Riba is the isolation of risk where...