Lending Quotes
There were little controls over usury in his time in India. Villagers often paid 500% or more to borrow money in a necessity like needing critical health care.
After the Great Recession the Mexican bankers, like their American counterparts, tightened their credit standards so much that the only people who could get loans were the ones who didn’t need it. If banks do not make loans, it matters not that they are solid institutions that are well capitalized.
This is one of the proverbs of King Solomon of the Jews, son of King David.
Usury in orthodox Muslim terms means the charging of interest. Modern Islamic societies have developed a variety of methodologies for dealing with the usury prohibition yet functioning in a modern capitalist system. Orthodox Jews also have a Biblical prohibition against loans with interest. Fundamentalist Protestants of some sects also believe that loaning or borrowing money and charging interest is a sin prohibited by God.
This passage was quoted by Colonial Massachusetts Governor John Winthrop in A Modell of Christian Charity, 1630.