ABSTRACT

Money that has been able to renew itself offers a number of economic benefits, but additionally, it makes the debt easier. Asking for additional revenue out of the food money that served as a means of productive exchange was considered normal, whereas asking for interest on the coins, considered a rare element, led to debates. The natural conditions of the region, where ancient civilizations ruled and monotheist religions were born, are not conducive to agriculture, and the climate, which makes it difficult to cultivate the soil or water, condemns the region to an agricultural economy with low output. This in turn has a negative impact on economic life. People living in the region often have to go into debt to meet their basic needs and have difficulty repaying these debts. The increasing debt burden leads to serious socio-economic problems. The monotheist religions, which flourished in such an environment, imposed strict prohibitions on interest, which they characterized as a moral problem, based on early revelatory sources. However, changing economic conditions over time forced the theologians of the monotheist religions to re-evaluate the prohibition of interest.