Interest on saving accounts not allowed in Islam

Yes all muslims are not allowed to have a saving account, if they have one they need to give up all their earned interest plus if they have dormant money in their account they have to give a % of the total sum to charity once a year. So my question is how many christians would be prepared to do that if it was ordered by God?

 

Well the Muslims do have a banking system made just for them. Islamic banks basically use loopholes in Islamic doctrine to allow Muslims to do things like buy a home without a mortgage and invest savings. Christians are also asked to tithe by the church, but that does not mean all of them do. I'm sure many Muslims do not follow the strict usury and banking laws in countries where they are not enforced by actual government laws.

 

Not many. It is actually banned in the Bible as well.

 

Thank your Gods I don't believe in them. Money Money Money Money Money! And no one is taking it except my college and my food consumption.

 

You believe in colleges? That should cost you quite a bit of dough...

 

I believe in education and learning to do more web schtuffs. Lawlz.

It will make a return on the investment. Then that return will go to my knee for arthroscopic surgery to repair my blown up meniscus.

 

I see this as something else the "religion of peace" can FORCE their followers to do...

 

My question is how do you know that,do you have any evidence to support your title?

 

Isn't it banned in the bible aswell ?

"To whom will all this piled-up wealth of yours go?" —Luke 12:20

If we're not paying or receiving interest, we may wonder how we can save enough to get ahead. The Lord may answer that question by saying we can throw out savings accounts along with our unbiblical notions of debts and interest. Contrary to what we may have been taught, Jesus is generally against saving money. He implies it is a form of greed (Lk 12:15ff). Jesus calls the man, who has "blessings in reserve for years to come" (Lk 12:19), a fool. We call a person who doesn't save, a fool; Jesus is just the opposite.

"If you lend money to one of your poor neighbors among My people, you shall not act like an extortioner toward him by demanding interest from him." —Exodus 22:24

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But then we have people like d16 who don't miss an opportunity to ridicule Islam.

 

All religions once had this policy.

The Jews were the first to rid of the policy and accept interest payments. Thus comes the sterotype of Jews being richer. But in reality, because these families could loan and collect interest, many families did become quite wealthy.

 

If Jesus was against saving money, why did his disciple Judas carry the change purse? Why would they need a change purse? What you are seeing as Jesus "banning" brings it all into perspective...you are reading into this what you want, so that it fits your agenda. When something about Islam is brought up, rather than having something to say, you change the subject, and try to put the light back on another situation. Typical Liberal.

 

I wonder...and this is just me thinking out loud...but I wonder if this so-called charity just happens to be the local mosque?

 

So you believe in colleges AND education... It's like believing in Bible and Talmud at the same time

 

But one is based on fairy tales, the other is based on facts and things you can use as tools for the rest of your life. How to solder a PCB? Education. How to kneel so your knees go bad? Religion. How to properly code a basic HTML page? Education. How to pretend in a fantasy that there is some big eye watching you all the time even in your most private moments? Religion.


Prove to me that College is a religion based on a falsely created deity, and worships said deity - or is in itself a deity. Same goes for Education.

 

I don't deny the benefits of education, I for one benefited greatly from it. But you said you believe in colleges... It would be pretty damn hard to learn how to solder a PCB or properly code a basic HTML page in a college, no?

Same goes for religion, I don't know much about Quran but if preachers educated themselves about what Bible actually says about money and wealth accumulation, they'd know better than to claim that Jesus C. was against saving money.

There were no fiat currencies 2000 years ago, gold was the money. You don't need to charge % on gold, the savings are automatic. Over the time you can buy more and more stuff with an ounce of gold due to technological progress. Beats 5% FDIC savings account (minus taxes and minus inflation) hands down

 

Depends on the Country, College, Syllabus, Course, Faculty and the Lab of college....

 

Hooray for illiteracy

The Bible forbids taking advantage of the poor. It has no objections to charging interest to those who can afford to pay it. And according to a footnote for that verse it can also be "excessive" rather than "no." Compare this idea to payday loans and how credit cards work in general.

When it comes to the poor you are to be charitable. For everyone else, its business as usual.

As for the one who stored up a bunch of things:

Is it really that hard to read one additional verse that clearly explains what the problem was? It was not the storing up of all his goods. It was storing up all his goods for only himself. This guy had so much but just wanted to do nothing at all until he died. Since the man had essentially stopped living anyway (he was of no use to anyone), God took his life the very next day.

There's nothing wrong with saving. What Jesus was against is wasting what you have and/or being selfish with it.

So what does it mean to be rich towards God?

It certainly doesn't mean failing to save money to prepare for the day you can no longer work to support yourself. That is foolish.

 

Actually this was ordered by God to Christians. But many things are ignored these days ..

 

Another quote

God here is clearly illustrating that putting your money into a savings account is better than nothing.

The other two who were given talents used the money in some way and managed to double it. That is ideal. You're expected to put your money, talent, etc to work to be better off than you started.

The idea that interest is bad comes from not understanding what the problems were in these stories.

It's not surprising that religions that preach that money is bad have no trouble teaching their members to give it to them.

If any of you have any objections to building wealth, by all means feel free to be charitable and donate your money to me.

 

Christians didn't exist when Jesus was walking and talking on earth...another common misconception...they didn't exist until AFTER Jesus was already crucified and risen.