Lending money - what does the bible teach?

missed call · (#1 (**permalink**))

what does the bible teach about lending money? according to me, the bible is against getting interests from needy people .... or is it interest at all!
that said, doest that mean that all the financial institutions are in the wrong?

http://www.lariba.com/knowledge-cent...ut%20Money.pdf

reggie_woic · (#2 (**permalink**))

bible = spiritual guide =/= financial guide

grip_daddy · (#3 (**permalink**))

Lending with interest is sin.

missed call · (#4 (**permalink**))

Quote:

Originally Posted by grip_daddy

Lending with interest is sin.

thats also what i think is the biblical teaching ... so what say we about the lending institutions?

reggie_woic · (#5 (**permalink**))

now that's what i call "outdated", even though (i think) it refers to lending to poor people. what we're supposed to take from that is "be fair".

missed call · (#6 (**permalink**))

Quote:

Originally Posted by reggie_woic

now that's what i call "outdated", even though (i think) it refers to lending to poor people. what we're supposed to take from that is "be fair".

well i also think it calls us to be fair.
what do u mean "outdated"? is there a thing in the bible/quaran that's outdated? put in another way, r there laws in the bible that were once applicant but never today?

ndigila · (#7 (**permalink**))

Quote:

Originally Posted by missed call

is there a thing in the bible/quaran that's outdated? put in another way, r there laws in the bible that were once applicant but never today?

You've opened a can of worms with that question. ATLian, where are u?

grip_daddy · (#8 (**permalink**))

Quote:

Originally Posted by missed call

well i also think it calls us to be fair.
what do u mean "outdated"? is there a thing in the bible/quaran that's outdated? put in another way, r there laws in the bible that were once applicant but never today?

There are no laws that are "out dated" that are in the bible. What we have are some kind of dispensationalism, or regionalism, or typical analogies. Briefly to expound we have:

1. Laws that were a type to the sacrifice of the Lamb (Jesus) which met their fulfilment at the cross.

2. Laws that governed Israel as a nation (for example Kenya is a nation) of which other nations could/can borrow.

3. Laws that governed the human relations considering the imperfection of the human being. That is, God knew that man cannot keep is moral code, so He gave laws by which the imperfect human being could/can live in harmony with one another.

4. The moral code which specifically outlined the ultimate requirement that man must measure his perfection or imperfection thereof against. This moral code, or royal law, was coded in the ten commandments and the spirituality attesting it was expounded by Jesus in Matthew 5-7.

So basically when reading the OT, one must understand how God was dealing with 1. an individual, 2. a group of individuals, 3. nations 4. humanity.

The institutions, therefore, would apply to either group of individuals or nations but not as an individual nor humanity.

missed call · (#9 (**permalink**))

waooo! ... a lesson learnt.

chotadipo · (#10 (**permalink**))

Missed calls,

You are right, I think reggie is outdated. Lending money for interest (usury) is prohibited in the bible and Quran. This would explain the genesis of Islamic banking where money is pooled by a bank and the profit from investments is shared by the bank and depositors equally.