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If Turkey's Islamic fiscal policy is sinking its currency, why didn't that happen to past Islamic societies?
Reader comment on item: The Religious Roots of Turkey's Currency Crisis
Submitted by MR Mathews (India), Jan 1, 2022 at 17:13
Christendom prohibited Christians from lending at interest at one time. That's why their lenders were Jews. If Islamic societies had so such lenders, how did they survive and prosper, and how did their currencies retain value? It would have been nice if the article gave insight into that.
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Daniel Pipes replies:
There was no space. In brief, traditionally Muslims found tricks to get around the Shari'a's ban on interest.
Reader comments (27) on this item
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Title | Commenter | Date | Thread |
|---|---|---|---|---|---|
| Extra: "Turkey's Erdogan says he will visit Saudi Arabia in February" [209 words] w/response from Daniel Pipes | Robert | Jan 3, 2022 16:00 | 277965 | ||
 Seeking Restoration Away From Western Influences - Turkiye's Battle for Significance [149 words] | M Tovey | Jan 6, 2022 12:34 | 277965 | ||
| 1 |  If Turkey's Islamic fiscal policy is sinking its currency, why didn't that happen to past Islamic societies? [48 words]w/response from Daniel Pipes | MR Mathews | Jan 1, 2022 17:13 | 277935 | |
| 1 | Islamic Banking Began in Pakistan in the 1950's. [501 words] | Robert | Jan 2, 2022 18:35 | 277935 | |
| Islamic Commerce Not Confined to Caravans Anymore [87 words] | M Tovey | Jan 3, 2022 10:24 | 277935 | ||
| 1 | Central or National Banking in Turkey Under Erdogan [237 words] | Robert | Jan 3, 2022 13:03 | 277935 | |
| Points of Interest In Islamic Banking [105 words] | M Tovey | Jan 3, 2022 17:18 | 277935 | ||
| Agree with M Tovey but I want to add something. [149 words] | Prashant | Jan 4, 2022 16:48 | 277935 | ||
| Further Proposition of World Finance Models Competition When Coorperation is Indicated [256 words] | M Tovey | Jan 5, 2022 11:02 | 277935 | ||
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| 1 | Erdogan's Internation Isolation and "Dialectical" Recent Change [506 words] | Robert | Jan 1, 2022 13:18 | 277901 | |
| 2 | Interest vs. Profit [101 words] w/response from Daniel Pipes | Robert | Dec 30, 2021 11:06 | 277876 | |
| 1 | Interest is the cost of money. [33 words] | Prashant | Dec 30, 2021 15:02 | 277876 | |
| 1 | Infation and It's Cost [215 words] | Robert | Dec 31, 2021 09:16 | 277876 | |
| 2 | A Penny Saved is a Penny Earned [80 words] | Renox | Jan 1, 2022 11:49 | 277876 | |
| 1 | Creative Islamic Banking - Replacing Interest with Profit [556 words] | Robert | Jan 1, 2022 16:18 | 277876 | |
| 1 | Sharia makes did not understand how money works [177 words] | Prashant | Jan 1, 2022 17:18 | 277876 | |
| Middle East Finances Governed by Ancient Rules - Prohibited Under Religious Precepts [126 words] | M Tovey | Jan 1, 2022 17:43 | 277876 | ||
| 1 | Alexis de Tocqueville and Turkey [241 words] w/response from Daniel Pipes | Dave | Dec 30, 2021 07:42 | 277873 | |
| 1 | Insightful response [62 words] | Prashant | Dec 30, 2021 17:42 | 277873 | |
| 1 | Charles-Louis de Secondat, Baron de La Brède et de Montesquieu and American Exceptionalism [463 words] | Robert | Dec 31, 2021 10:30 | 277873 | |
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| Prerequisites of democracy [85 words] | Jeff | Jan 3, 2022 18:45 | 277873 | ||
| Certain choices must be withdrawn from Muslims [202 words] | Prashant | Jan 4, 2022 11:28 | 277873 | ||
| What would be a "reasonable" interest rate in a country with a 21% inflation rate? [27 words] w/response from Daniel Pipes | Lan Astaslem | Dec 29, 2021 23:33 | 277860 | ||
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