Interest? Dividend?

5개월 전

Interest is the fee given to the use of money received from brokerage houses in return for debt. It has been the subject of frequent research since its emergence. Most philosophers saw interest as an ugly way to earn money and defended the view that it would create problems by bringing the rich and the poor together. Islam prohibits interest. Instead, it proposes a dividend. There are differences between dividend and interest. The process of converting money into a product or labor underlies the dividend. The dividend contributes to the economy in creating new employment opportunities. Interest refers to the recovery of money as more money. In dividend, it is essential to divide the existing profit between the laborer and the capital owner. Interest is strictly prohibited in Islamic provisions; economic methods in accordance with religious rules were developed instead. I will try to explain them in my next article.

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