The Problems with Islamic Finance & The Case for Bitcoin with Harris Irfan
The Thinking Muslim
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The Origins of Money
Even in earliest times, money was viewed as an instrument to beget more money. So we see that judaism, christianity and islam outlawed interest for the sake of social justice. In ribber, the church e allowed the er financiers in the middle ages to circumvent the law against interest being charged on a lone by allowing three contracts to be executed between counter parties. And to day in the islamic finance industry, we see a similar event taking place, which is the creation of synthetic, a contractual structure called organized tharoc sometimes referred to as commodity mrabaha.
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