The Problems with Islamic Finance & The Case for Bitcoin with Harris Irfan
The Thinking Muslim
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What Is Money?
i find, although that we use money and we are accustomed to money, very often we forget what the purpose of money is. Our entire banking system is based on money creation, which i think we can talk about later. We treat money as something make money out of. Riba is any excess or surplus. Its money out of money. So if we asked the question, what is money, we should say, it has no real by itself. It's used to exchange value of real goods and services,. And that's, i think, the right starting point.
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