Publisher's Synopsis
This book explores the idea of interest-free finance, which offers an alternative to the interest-based financial system that is so prevalent today. Interest-free finance is not a new concept - it has been used for centuries in various cultures and religions - but it is increasingly relevant in the modern world. Interest-free finance offers the potential for a more equitable and sustainable financial system, one that is less dependent on debt and interest payments and more focused on creating value for all stakeholders.
In this book, we will explore the history and evolution of interest-free finance, the different types of interest-free financing available today, and the advantages and disadvantages of interest-free finance. We will also examine how interest-free finance is used around the world, from Islamic banking and microfinance to interest-free financing in Hinduism, Buddhism, Judaism, and Christianity. We will look at the legal and regulatory frameworks that are necessary for implementing interest-free finance, and we will examine some of the challenges and opportunities that arise when trying to scale interest-free finance in the modern economy. Finally, we will consider the role of interest-free finance in building a more equitable and sustainable future, and we will explore how interest-free finance can contribute to the United Nations Sustainable Development Goals. This book is not intended as a comprehensive guide to interest-free finance, but rather as an introduction to this important and timely topic. It is my hope that this book will inspire readers to think critically about the role of interest in our financial system and to consider the potential benefits of interest-free finance.
