Money could not make money. Christians were forbidden to loan money at interest because.
christians were forbidden to loan money at interest because
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Money could not make money.
Christians were forbidden to loan money at interest because. There is a strong historical belief that christians should not charge interest when lending money. Not only as a means of income but because it was felt that they would be cautious about such loans and limit the interest. By peter anderson 41 comments the content of this website often contains affiliate links and i may be compensated if you buy through those links at no cost to you.
For example if money is loaned to another individual purely as a business deal so he can make money then it is not wrong to collect interest because both parties are sharing in the profits. The profitable money business between jews and christians often became tense. It was a tidy accommodations since jews were often not allowed to do anything else.
According to canon law only italian banks such as the medici could charge interest. The church had a ban on usury earning interest on a loan. It is also proper to accept interest from money placed in savings accounts since the money is earning the increase.
Christians were forbidden to loan money at interest because a. Since they were making interest on the money they lent even if the. Jews were able to lend to christians but not to other jews because jews were inside their tribe but.
If you dont believe me just read what randy alcorn wrote attributes to howard dayton below. Learn more about how we make moneylast edited march 12 2013. Maritime insurance rates already included profits from interest.
All of the following were true of the mediterranean trade except that. Should a christian lend money and earn interest. It must be realized that these rates of interest were annual and rarely did loans to individuals at.
With the rise of the cloth trade europeans spent much of their precious metals. Throughout church history christian teachers have taken a strong position against exacting usury on a loan in order to make personal profit. Limited partnerships made it illegal.