In a newly published article, Daily Caller Deputy Editor J. Arthur Bloom uses entirely economic arguments to claim that Sharia Law is “as American as apple pie.”
Bloom first points out the fact that under Sharia Law, the practice of profiting off of lending money (collecting interest) is a sinful activity.
“Let’s start with a basic outline of Islamic finance. Islamic finance is not too different from most moralistic approaches to finance. It views money as a neutral mediator of transactions. For that reason, it views the ability to acquire more money by simply lending money (riba, in Islamic parlance) as a barren and hence sinful activity – it is proclaimed haram (prohibited) under Sharia law.”
This is true, and as Bloom also […]
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