Re: Islamic socialism resulted in utter destruction of Pak economy
pcg, i am not sure if there is such a thing as non-interest loan. there would be no incentive to lend if people who had capital were not compensated.
I'm only vaguely familiar with the subject, but interest-free loans involve some kind of fee, rather than a compounded interest rate. Other schemes escape me, the essential point being that risk is distributed between loaner (who becomes more of an investor) and the one receiving the loan...or something like that...