Opinion: When is usury usury? Turkish fatwa casts doubt on Erdogan's religious soft power drive, Opinions & Blogs News
Story highlights In a surprise move, Erdogan appointed a new central bank governor and promised to adhere to more orthodox monetary policies that would include higher interest rates in a bid to stem the slide of the Turkish lira. Turkeyâs state-controlled top religious authority has conditionally endorsed usury in a ruling that is likely to fuel debate about the concept of Islamic finance and could weaken President Recep Tayyip Erdoganâs efforts to garner religious soft power by projecting Turkey as a leader defending Muslim causes. The ruling issued by the Directorate of Religio...
Source: wionews.com