Over the past few decades, a good number of states have gotten rid of usury laws in response to claims of in-state creditors that they couldn't compete with national financial institutions. There is some merit to that claim -- a bank that can't charge more than, say, 12 percent interes...
Over the past few decades, a good number of states have gotten rid of usury laws in response to claims of in-state creditors that they couldn't compete with national financial institutions. There is some merit to that claim -- a bank that can't charge more than, say, 12 percent interes...
If you wonder why your credit card interest rate is so high, you'll want to know about the retail installment exception carved into the usury protections. Contracts for purchase of goods that are payable over time, like retail installment contracts and revolving accounts, are not considered loans...
“Allah has forbidden you to take usury, therefore all interest obligation shall henceforth be waived. Your capital is yours to keep .You will neither inflict nor suffer any inequality. Allah has judged that there shall be no interest and that all interest due to Abbas Ibn ‘Aal-Muttalib be...
‘Capitalism with strict regulation’ is economic fascism, not capitalism and not a free market. “A nation requires a government which serves its citizens to survive--and to thrive.” Such a government is that which the founding fathers devised in the Constitution of the United States. ...
homosexuality which psychiatrists always considered a developmental disorder, became a "lifestyle choice" in 1973 by political diktat. Now public schools encourage heterosexual children "to experiment with their sexuality." This is unhealthy and unnatural but that's what Satanism and "revolution" arerea...
Continuing this line of thought, under Fascism all people of one’s ethnicity are considered the greater family of that person. Hence, a Fascist nation is thought of as one giant family of several million people. Therefore, just as one mustn’t do anything to hurt one’s brother or sister...
In many countries, champerty is deemed to be illegal, and the agreements that involve it are considered void or unenforceable. The purpose of the prohibition is to prevent matters of litigation from turning into business transactions, as it may encourage frivolous lawsuits. ...
Usury is the act of lending money at aninterest ratethat is considered unreasonably high or that is higher than therate permitted by law. Usury first became common in England under King Henry VIII and originally pertained to charging any amount of interest on loaned funds. Over time it evolve...
Why Is Riba Forbidden? In the Koran, receiving or paying interest is considered a sin because it promotes inequality. Interest is said to increase the gap between the rich and poor and anyone who receives it is expected to donate the money to a charitable cause. ...