Why the Quranic Interest-Free Banking Concept is Superior to Capitalism’s Conventional Banking
This detailed article explores why the Quranic interest-free banking concept is superior to capitalism’s conventional banking system. It highlights how Islamic finance principles, such as the prohibition of interest and promotion of risk-sharing and ethical investments, prevent exploitation and promote economic justice. The article also examines the inherent flaws of capitalism, including debt-based financing, wealth inequality, and speculative activities, through the lens of Quranic teachings and modern critiques.