Asked by Angelica Ibarra on May 16, 2024
Verified
The charging of interest is forbidden by
A) Mosaic law (the Old Testament) .
B) the Koran.
C) both Mosaic law and the Koran.
D) neither Mosaic law nor the Koran.
Mosaic Law
A collection of laws, moral codes, and religious instructions attributed to Moses in the Jewish and Christian traditions, forming the basis of biblical law.
Koran
The holy book of Islam, believed to be the word of God (Allah) as revealed to the Prophet Muhammad.
Interest
The cost of borrowed funds.
- Understand the historical and religious perspectives on the practice of charging interest.
Verified Answer
CR
Charlene RodriguezMay 21, 2024
Final Answer :
C
Explanation :
Charging of interest is prohibited in both Mosaic law (the Old Testament) and the Koran. In the Bible's book of Exodus, it says, "Do not charge a fellow Israelite interest, whether on money or food or anything else that may earn interest." In the Koran (Surah al-Baqarah, 2:278-279), it says, "O you who believe! Fear Allah and give up what remains of your demand for usury, if you are believers. And if you do not, then be warned of war from Allah and His Messenger."
Learning Objectives
- Understand the historical and religious perspectives on the practice of charging interest.