Points of Interest In Islamic Banking

Submitted by M Tovey (United States), Jan 3, 2022 at 17:18

While there is the concensus that money and finances in Islam are not necessarily following traditional rules of western banking, the question remains: does Erdoğan's Turkey survive as he envisions it; or does it flounder in his attempt to survive while the rest of Islam does embrace capitalism as socialists countries like China and Russia compete in a capitalistic environment? As the saying goes (paraphrased), 'he who rules the gold makes the rules,' or something like that. To your point: does Erdogan have enough gold (banking stake) to make that bid? It's not like Turkey is the center of any ancient trade routes any more.

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