Continuation
The
author writes:
Some
scholars add:
§ secular;
§ and
economic
arguments
to the religious motivation for the prohibition.
They
note that, “Interest-free” finance could more effectively lead to full
employment of resources.
While
the alternative one - “interestbased” finance would, by its very nature, be
more:
o
volatile;
o
instable;
o
and therefore detrimental
to
economic development.
From the research
paper of European Central Bank
(Authors:
F.Mauro, P.Caristi, S.Couderc, A.D.Maria,
L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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