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2018-05-13 The Grand Turk

Lira slumps after Erdogan says interest rates ‘evil’

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Posted by Fred 2018-05-13 00:00|| || Front Page|| [6 views ] Top
File under: Sublime Porte

#1 I think he means 'Turkey having to pay high interest rates' is evil. Well, it definitely sucks, at least for him.

Posted by Raj 2018-05-13 07:22|| 2018-05-13 07:22|| Front Page Top

#2 Charging interest is very un-Islamic. I don't know whether paying interest is allowed.

Posted by Anguper Hupomosing9418 2018-05-13 10:39|| 2018-05-13 10:39|| Front Page Top

#3 Charging interest is very un-Islamic.

The way Islamic lenders get around this is by charging "service fees" and such instead of interest. The amount is the same, you just write it in a different column.

Posted by SteveS 2018-05-13 12:57|| 2018-05-13 12:57|| Front Page Top

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