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Parent Post: Pope Fugger and Usury
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In Reply To
thoughtcriminal_1984
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2/26/2025, 7:05:58 PM
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I sort of get it already I think.. it's done like a fee?
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q2025
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2/27/2025, 5:05:06 AM
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The basic principle of the workaround method is that profit is allowed and interest is not. Basic example, you want to buy a house and pay back in a year. So bank says fine, but instead of 120k, the price we agree on will be 132k. So you do still pay an extra amount. But like I said, many Muslims don't agree with this method either.
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thoughtcriminal_1984
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2/27/2025, 5:08:22 AM
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It's clearly just a loophole.. I can sew why.
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q2025
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2/27/2025, 5:11:49 AM
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Thats my opinion too. To be fair, many Muslim to give interest free loans if they know you personally (irrespectiveof your faith). But obviously, these are usually smaller, personal loans and not the large institutional loans.
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