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Central or National Banking in Turkey Under ErdoganReader comment on item: The Religious Roots of Turkey's Currency Crisis Submitted by Robert (United States), Jan 3, 2022 at 13:03 Dear (Reader) M Tovey, I think your drifting away tom the Topic. The is Banking in Turkey under President Erdogan, a Muslim opposed to charging Interest on the Grounds that it is un-Islamic. We know that Turkey was founded by Ataturk as a Secular State in 1923. So I assume adopted Western institutions in including Western Banking which are based on Interest. But I have no knowledge of Erdogan established the kind of Muslim Banks which exist among the Gulf Arab States in which Profit replaced Interest. And I do not agree with Dr. Daniel Pipes, that this was merely a Islamist "TRICK." My specific concern is that President merely Froze the Interest Rate, he did NOT abolish Interest as un-Islamic altogether. An that is weird. As Erdogan once famously (or something to that effect) "There is no Conservative and Liberal Islam; there is just Islam and that's it." Accordingly, to be consistent, "There is no High or Low Interest, there is just Interest, and that's it." So by merely Freezing (or Lowering) the Interest Rate Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments". Reader comments (27) on this item
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