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!

Welcome to Usury-Free Banking with Stable Currencies!

Welcome to my latest blog that promotes LETS as community building activities, and BarterCard as a social business in the way that Nobel Peace prize winner Muhammad Yunus has defined it: operating without loss, without dividends and for the greater good.

The blog informs about money and currencies as solutions to the banking crisis.

And it promotes:

• banking that is usury-free rather than thrives on legitimising usury
• accounting that is ethical and in the public interest or at least in the interest of the members of an organisation and clients of a business
• enterprises that are social, i.e. good for society and our environment.

In the Spirit of the Forum for Stable Currencies, your most passionate blogger, promoter and mathematician Sabine K McNeill.