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Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
5.0 out of 5 stars
A powerful and compelling case for an ethical, interest-free, monetary economy,
This review is from: The Problem with Interest (Paperback)
Monetary economics may appear to be a kind of hidden black art understood only by an elite handful pulling all the strings. But as one reads Mr Diwany's book it becomes clear that the conditions for a just and fair monetary system are actually technically rather restrictive. Indeed if one follows the discussion closely one is led, seemingly unavoidably, to a monetary system of the kind prescribed in Islam which disallows interest completely, and requires the payment of 'zakat', which is a form of annual charitable tax fixed at 2.5% of assets owned.
Mr Diwany's logic is impeccable, and his arguments are backed up by numerous poignant illustrative examples, which leave the reader in little doubt regarding the conclusions reached. The case put forward for an ethical, interest-free, monetary economy is powerful and compelling, and this book should be mandatory reading for anyone concerned about the illnesses plaguing the economy today and wondering if there might exist a more just and fair alternative.
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