Category Archives: Usury-free

The Unemployed Exchange Association

Here’s the success story of people who organised themselves in the USA in 1932, when money was worthless.

Do things have to get much worse for people to do similar things here and now???

The Usury-Free Banking Act Law, 1983

This act has been formulated in the Islamic Republic of Iran and can be found here. Some of the titles of the articles and chapters read as follows:

  1. Objectives of the banking system
  2. Functions of the banking system
  3. Mobilization of Monetary Resources
  4. Banking Facilities

What a model!