Comments on: Messages http://yunusphere.net Promoting "Usury-Free Banking" and "Social Business" Fri, 18 May 2012 22:47:05 +0000 hourly 1 http://wordpress.com/ By: Sabine McNeill http://yunusphere.net/messages/#comment-2321 Sat, 30 Jan 2010 08:13:34 +0000 http://yunusphere.net/?page_id=36#comment-2321 Don’t worry, Mark,

your comments are most welcome, especially as they show such expertise!

I agree: interest-based banking is different from microfinance activities, also because of the fundamental difference of ownership.

In the end, the only thing that matters is that we are either a supplier or the user of such services.

And that we stand on the right side of the ‘ethical fence’…

]]> By: markaz18 http://yunusphere.net/messages/#comment-2319 Fri, 29 Jan 2010 20:58:57 +0000 http://yunusphere.net/?page_id=36#comment-2319 I’m afraid my comment may look like spamming (its the second one on this site in the same day) but I simply had to add to the ‘Specific Message’ related to Financial Institutions. I personally think interest-based banking should be separated from microfinance activities because the risks faced by some MFIs may be too great for them to payback their loans at the scheduled time. Instead, certain modes of islamic finance may be introduced to prevent the exploitation of MFI through the high build-up of interest-related dues.

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