The ancient Western philosophersвЂ”including Plato, Aristotle, both Catos, Cicero, Seneca and PlutarchвЂ”all condemned usury
Aristotle argued that вЂњa bit of money cannot beget another,вЂќ because cash had been barren, or sterile, and cash that is consequently breeding cash had been abnormal. The philosophy ended up being mirrored within the law that is civil of B.C. republican Rome, which outlawed interest completely.
The prohibition of interest is a well-established working principal integrated into the Islamic economic system in Islam, the criticism of usury was well established during the prophet MohammedвЂ™s life and reinforced by his teachings dating back to early 600 A.D. (more…)