Islamic tradition takes a dim view of charging interest on borrowed money. (The pejorative term from European history is “usury.”) However, much of the global financial system is based on a system of charging interest on loaned money, whether it is with mortgages or bonds. Some of the books on the Krueger Library retention list, such as the one below, discuss methods of managing financial systems without charging interest on debt.
Rudnyckyj, Daromir. Beyond Debt: Islamic Experiments in Global Finance. Chicago: The University of Chicago Press, 2019.
Recap: In 2022, twenty-four Minnesota libraries joined together in a commitment to retain over a half-million print books which are scarcely-held in Minnesota. It is called the Minnesota Shared Print Collection. This is one of the stories from the Winona State share of the collection.
