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INTEREST.................................
Posted On 01/23/2008 03:21:51 by RAFEE2007

Interest is an arms to dominate the countrymen of a country. The richpeople of a country can raise their money easily & without risk by taking interest.But the poor people are going to the hole of more preoverty. In this system, the wealty have no fear to be poor but the poor has less probability to be wealthy.If the poor can avoid to take interest bearing loan & work hard than they cab hope to be solvent even wealthy.

the rich vountry, worldbank,IMF oppressed the poor people of the world by interest.  They are shouting to remove proverty  but they are the creator of provety. You can say that the proverty is reduced during the previod years by the steps of NGO, world bank, IMF which are standing on the abasis of interest.Ye sproverty is reduced but the life if more hard than before.The poor can reduced their proverty by taking interest based loan. But most of thenm are bearing the burden of interest for whole life. To paid the interest they work hard  & hard. They are sruggled upto death to repay interest. Interest is such a dark system that it increase year to year compound process. So when anyone paid an amount of his loan it dosen't reduced to taht point upto which he paid because of cmpound interest. The interest bearing system  show the way of making money to the poor. But it makestheir life hell. Interest bearing system doesn't do any good for the world. It makes it's money by using the  poor. You may make profit from your business or may loss. But the interest bearing sestem doesn't want to hear anything. If you start a business by taking interest bearing loan & failed to make profit, does the loan giving institution hear anything? NO they will repay their loan & interst from you. And you may loss you more money. Suppose you take $100 @10% interest rate. after one year you have to pay $110. If you would failed you have to pay $100 & $10. The $10 is a burden for you. Becaus eyou already make loss so the $100 is a burden for you. But you have to pay $110 which is more burden for you. So you loss twice. Most of the people loss their previous asstet by taking such loan. So how interest can reduced proverty?It's a joke that the loan giving institution organized conference, debat, thinking, writing books to reduceed provery by giving interest bearing loan. Interest can not remove proverty but to increase it. If the loan would not giv on the basis of interest than what happened? The people can raise their money by their hard work which is doing now to raise the money of loan giving intitution.

I proposed to give loan on the basis of profit & loss sharing system. In this system if anyone would failed to male profit from his business tham he will supposed to pay only the loan amount. If he would earn profit than he is supposed to pay the loan amount & a percentage of his profit amount. So if he work hard than he can earn more & paid more. If he would not work hard he would earn less & paid less. The difference between profit lodd sharing basis & interest basis is that- The interest is chareged on the principle amount & increase compound process but the profit is chrged on the profit amount & doenst increase compounded process.



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