Is it true that charging interest for a loan is something Jesus said should not be done, it is morally wrong?
- SBR32277Lv 71 month ago
Technically it would be immoral to not charge interest or too much interest. While the person receiving the loan gets a benefit, the person loaning the money is at a disadvantage of not having that money to invest/spend elsewhere. Add to this the person who borrows money because they were financially irresponsible to begin with and you are sort of enabling the same poor behavior until the person has no choice but to file for bankruptcy. This brings up an whole other case of immorality of providing credit to those who don't deserve credit and charging super high interest rates to cover the cost of delinquent accounts.
- PaulLv 71 month ago
He wasn't talking about loan companies or banks. He was talking about relationships between individuals, brothers and sisters in the Lord.
- Anonymous1 month ago
It is not wrong to charge interest.
But if you are helping a spiritual brother or sister maybe you should consider not loaning anything you cannot afford to give away so you do not lose a friend.
- nineteenthlyLv 71 month ago
The Bible as a whole forbids usury, yes.
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- Saad MLv 51 month ago
Islam forbids the practice of interest and allows the participatory system between capital and labor or land.
- keyjonaLv 71 month ago
Jesus was referring to personal non-business loans among the brotherhood.
- Anonymous1 month ago
Lafawnduh: Catholic faith didn't allow it
AND YET, THEY'VE BEEN JUST FINE with centuries of child rape and cover-ups.
Stop pretending like that foul cult has some basis in morality.
- Hannah J PaulLv 71 month ago
Jesus was responding with God's law in view - which he always did. Under the Mosaic Law, Israelites were not supposed to charge their fellow Israelites interest when they made them a loan due to their need. You were not supposed to profit from the financial reverses of your brother or sister. Exodus 22:25; Leviticus 25:36, 37, and Deutronomy 23:19. You could charge interest to foreign borrowers. Jewish commentators understood this to mean that foreigners were dealing in business loans and thus, as merchants and such, could be expected to pay back the business loan with interest.
So yes, it was morally wrong for Israelites to charge interest to a fellow Israelite who was borrowing in need.
Hannah J Paul
- rodcomLv 61 month ago
Because Catholics did not allow interest, and they controlled Europe, monarchies of Europe had Court Jews to do all their banking for them, and they built up quite successful family banking businesses, which is why there are so many Jewish people in banking to this day.
Muslims too, do not allow interest on loans.
- LafawnduhLv 51 month ago
Catholic faith didn't allow it, that's why there were so many Jewish bankers back in the day.