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What would it take to start a bank that didn't charge interest? Is it possible?

What would it take to start a bank that didn't charge interest? Is it possible?
[–] 1 pt

IDK how halal banks are structured.

Profit has to come from somewhere to incentivize being a bank, beyond the cost of takng risk, employees, buildings, taxes, etc.

Halal banking may explain a part of why the ME region is relatively undeveloped, backward and without a vibrant middle class. Borrowers must be scrutinized more harshly?

[–] 1 pt

No clue how they work. I read that they can now be found in the US, as there is demand for those types of products. Don't even know if "bank" is the correct term for them.

[–] 1 pt

Maybe corporal punishment or imprisonment for default? A painful public humiliation of 20 whacks with the rattan cane? Chop off a hand? Pluck out an eye? Haul your sister away because you used her as collateral for the loan?

Not sure if any of that applies but I wanted to illustrate that halal may exceed the norms of a judeo-Christian nation with constitutional protections.

[–] 2 pts

judeo-Christian

that term is oxymoronic and puke-inducing

[–] 1 pt

with constitutional protections.

Those don't seem to apply as much as they used to for some strange (((reason))).