End the story of interest rates

Oil exporting and oil importing Muslim countries can end the story of interest rates together To understand the structure of interest rates in today’s world, it is very imperative to understand the essence of the whole global system which is well connected. Although a variety of interest rates exist in the system, like overnight interest rates or deposit interest rates, this article will only examine the interest rates for Foreign Portfolio Investors (FPI) as it is the main parameter for all types of it. With that base notion, the capitalist…

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Social Harms of Interest

Interest, which is an undeserved gain, leads to the breakdown of the social order. To abolish it would close the door to many conflicts it causes. As economic events can be seen like social events, the economic effects of interest and all the problems that occur due to interest can be seen as its social effects. Indeed, in countries where the economic troubles such as unemployment, low income, corrupt income distribution, people are, in the words of Plato, like idle masses carrying poison in them. Some of these people are…

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