Charging interest: sin?

[Soon Rev 22:11-12]

"If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest." Exodus 22:25

"Do not take interest of any kind from him... You must not lend him money at interest..." Leviticus 25:36-37

"You may charge a foreigner interest, but not a brother Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess." Deuteronomy 23:20

Do the principles apply today to you and me? To banks?

 

[Iollain]

Well no, these are Jewish laws, the bank is a business kind of thing. It would be something a Christian could do though when lending money

 

[Soon Rev 22:11-12]

Well no, these are Jewish laws, the bank is a business kind of thing. It would be something a Christian could do though when lending money

They aren't Jewish laws; they are God's laws. Is God in favor of charging interest?

God has no theocracy today, but Christians could use their governments' representative democracies to cause banks to obey these principles, couldn't they?

 

[Entertaining_Angels]

I tend to believe most Christians would never charge a family member interest for a personal loan so why would we charge a brother or sister in Christ interest? If we did, would we not be earning a profit off of their misfortune? But as with all things 'Christian', doesn't apply to non-Christians so yes, banks can charge interest.

 

[Merlin]

It is a law given to the children of Israel about treatment of each other.

 

[tulc]

They aren't Jewish laws; they are God's laws. Is God in favor of charging interest?

I'm pretty sure God doesn't care one way or the other as long as we deal fairly with each other.

God has no theocracy today, but Christians could use their governments' representative democracies to cause banks to obey these principles, couldn't they?

uhmmm why would we want to? We already saw it didn't work once, why repeat something that already failed?
tulc(has no desire to live in a Theocracy before Jesus comes back!)

 

[Soon Rev 22:11-12]

...why would we want to?

Because of all the unnecessary evil that it has caused.

 

[tulc]

Because of all the unnecessary evil that it has caused.

So don't charge interest. Problem solved!
tulc(how was your Saturday?)

 

[Febe]

"If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest." Exodus 22:25

"Do not take interest of any kind from him... You must not lend him money at interest..." Leviticus 25:36-37

"You may charge a foreigner interest, but not a brother Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess." Deuteronomy 23:20

Do the principles apply today to you and me? To banks?

About banks - a lot of people make their living on it, and they need salary...
But for ordinary people, no... I would never take interest from anyone, though I would lend, or give, what I could, if needed by a friend...
​

 

[dunkel]

Are you willing to give up the interest earned on your CDs, money market accounts, and savings accounts?