wymike on Nostr: In Islam interest is not allowed. I’m not an expert but as I understand it if you ...

In Islam interest is not allowed. I’m not an expert but as I understand it if you take a loan from the bank you essentially agree to split the profits of your endeavour that you borrow the money for.

To frame this in a bitcoin world. If I lend someone 1BTC to start a business we might agree to split the profits on a percentage basis until 1.1BTC has been returned to me.

Both parties can agree on a mutually acceptable profit split and total return