It’s Time for Real Time Settlement

Dude how do you even survive without participating in ANY interest? If you don’t have a mortgage, you must rent. That property was bought with a loan. You have any bank account or investments? Those institutions provide loans. Did you get an education? How did you pay for it? You gotta be filthy rich to afford all those things in cash.

I’m just amazed that people actually believe what you’re saying. I would never want to live in a society where I am forced to accept charitable scraps from the wealthy elite.

Tangibility is a dumb argument. The car and the property or whatever are being rented out for a profit INCLUDING maintenance costs. Money depreciates and the lender absorbs risk. There’s opportunity cost with money.

Loans can absolutely be predatory! There should be absolutely be proper regulation. But your suggestion that ALL interest is evil just tells me you have no idea how the world works.

You use products and services from companies which use interest. Your government uses interest. It’s all around you.

> If you don’t have a mortgage, you must rent.

That's what me and many many other people do.

> That property was bought with a loan.

Not necessarily. But I do my part of not participating in the system, that's the least I can do. Similar to how boycotts happen, if enough people partake, change will come, until then, we stick to our values.

> You have any bank account or investments?

Yes, but I don't have a savings account.

> Did you get an education? How did you pay for it?

Fortunately, I didn't go to college in the US where the student loan industry is out in full force. There are other countries where college is affordable, and for people who can't afford it, provide true student aid. Not "student aid" as in federal loans, student aid where the college works with the individual person depending on his or her family's situation to work out a solution, including discounts.

Also, let's take a step back. Just why are colleges so unaffordable in the US? Easy loans play a big role. The universities see that there is easy money to be had, so they up their prices under false premises. It's basically supply and demand, where the supply is poor folks being pushed to take on crushing debt. It's a very parasitic cycle.

> I would never want to live in a society where I am forced to accept charitable scraps from the wealthy elite.

That's not what I said, it's a strawman fallacy. I said that in the Islamic position, loans are only done as an act of charity. However, Islam heavily encourages people to work and self sustain: https://sunnah.com/riyadussalihin:296. Where does it say to sit back and rely on charity?

The government has a responsibility to provide stable conditions and tackle issues like unemployment. This has nothing to do with interest.

> Money depreciates

Because of interest that the government takes on, forcing it to print more money to devalue the currency, see how this all works out?

Renting and loaning money are fundamentally different. Show me any car rental agreement that goes on for 30 years like a mortgage. That's just one difference.

> But your suggestion that ALL interest is evil just tells me you have no idea how the world works.

I do, and I can't help but be amazed and saddened that people keep crying at the many economic issues and crises that keep happening, not realizing that interest is at the center of the entire mess.

> You use products and services from companies which use interest. Your government uses interest. It’s all around you.

I do not deny it. All I can do is make people aware of the dangers, and that because interest is so prevalent, many of the problems we see today are going to stay until that changes: https://sunnah.com/mishkat:2818. Today, we are all affected by the dust of usury even if we don't partake in it.

But they did block GME buying anyway.