is usury is against the rules of islam or are they like the jews in that they can not charge interest towards each other but anyone outside their makebelievereligion is absolutley far game?
it used to be a HUGE nono in Islam as in wars were fought over it and Zakat. ofcourse now muslims dont really care about it but the canon itself strictly prohibits it in all cases including non muslims. I asked chatgpt for details
In both Islam and Judaism, usury, or charging excessive interest on loans, is generally prohibited, though the specifics of this prohibition can vary slightly between the two religions.
Islamic Perspective:
In Islam, the prohibition of usury is clear and strictly enforced, as it is considered a form of exploitation. This is derived from the Qur'an, which forbids "riba" (usury or interest). Muslim scholars agree that charging or paying interest on loans is haram (forbidden), regardless of whether the transaction occurs within the Muslim community or with non-Muslims. The rationale is that any form of riba exploits the borrower and creates inequality.
Jewish Perspective:
In Judaism, the prohibition of charging interest (known as "ribit" in Hebrew) is rooted in the Torah, specifically in the books of Exodus, Leviticus, and Deuteronomy. The Torah prohibits Jews from charging interest on loans to fellow Jews. However, the prohibition against charging interest does not extend to non-Jews in most interpretations. This means that it would generally be permissible for a Jew to charge interest on a loan to a non-Jew.
Even as a muslim I kinda didnt get the point of no interest and felt it kneecaps the economy but here is their reasoning