I wonder if my South African friends noticed the wishes of the editor of a prominent daily business news rag? And who will help the man have his dreams come true?
This past year or more I have been doing extensive research into interest-free finance: it is more than an interesting topic. There are proponents for zero interest on different sides of the religious spectrum, and some proposals, such as that from the Central Bank of Nigeria, appear to be non-partisan, but usually have a tilt towards one religion or another. But is “interest-free” actually mandated by scripture? Is it practical? When it is practiced today, is the just interest hidden away under another name? And is there a better way to look at the characteristics of faith-based financing without making “interest-free” the litmus test? I guess we will have to wait for the book, Repurposing Capital.