Bitcoin Forum

what do you think about the problem of lending without interest? ??? ??? ???

That would mean it is a charity rather than a loan service. It's totally up to the lender if he wants to charge for interest or not. I've seen lenders here that don't charge at all and they just charge for transaction fees.

We can lend without interest if not necessary, but when charged should also give them a little bit :D

Not a bad idea. There is a certain religious community which considers interest to be forbidden. Interest free loans can help the borrowers from falling in a debt trap. For the lenders, someone who has received a loan without interest can always send a tip.

Christians and Muslims are forbidden by God from charging interest. However most Christians and Muslims just ignore this rule and have invented reasons why it is ok.
In true Islamic banking they handle loans with no interest as a type of pooled investment. Your money could be loaned out but in return you could take out a loan at zero interest. At least I think that's right. I'm not an Islamic banking expert or anything.

The reason it is not allowed is because it historically leads to a type of debt slavery.   

In real life, you can lend money to anyone with out any interest since the lender will not spend any extra coming out from his pocket unlike lending with Bitcoin. Lender needs to pay for the fees and the least thing that the borrower should do if its an interest free loan, at least give the lender a tip, an amount enough to cover for the miners fee that the lender paid.

Im not a muslim so I cannot speak about that but for being a christian, yes the bible does say we must not charge interest (this also includes those who are Jewish), however the bible only speaks about not charging interest to those of our faith, but to a stranger (which may go from an unbeliever, outsider, or someone of a different faith), we can, but those who are a "stranger" can simply lie saying they are Jewish, Christian (or possibly Muslim?) to simply lie (and possibly steal) from a lender. Some christians may also not follow the OT due to most believing Christ fulfill the old covenant, and bringing a new one, but this isnt a religion debate, so its simply up to one own belief in that matter.

Religion aside (to prevent idiots from coming to start a argument), it is usually up to the person themselves. I've seen some lend without interest, and sometimes seen people pay back the loan with a tip for assisting them, even when they didnt have too. Some also charge very low interest. Whatever works for the lender, but dont be to greedy like some by charging crazy interest fees.

Interesting. What is the verse where it says this?

I'd love to go to my brainwashed friends and tell them all their savings and investment accounts are immoral.  LOL

The interest is mainly for lenders to cover the defaults and fees. Without the interest, it can be quite hard for the expenses to be covered.

Personally, I've given many non collateral loans. I'm currently not doing it due to the lack of funds. You can find my thread here: https://bitcointalk.org/index.php?topic=1274346.0. As you can see, I did lose quite some money due to the fact that I had people default on me and with the fees, it didn't really make any sense to continue. I might still give no interest loans out, if they are trusted enough.

Yeah and since, like me and other lenders, consider this a business of sorts that is why we charge interest. Though even with interest, we just need one guy to default and the profits will go way down. That's the irony of lending here on the forums.

But in bitcoin how we can expect the Islamic banking system to get the loan. If the they give loan without a interest means what the earn as returns. Even in Islam also there is one tax called zakath for a year in every account holder's who have in Islamic banks.