4.6 • 682 Ratings
🗓️ 16 January 2025
⏱️ 6 minutes
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0:00.0 | Brought to you by CHM, a biblically based alternative to health insurance. Learn more at |
0:06.9 | ch ministries.org slash budget. So I had a question about interest bearing loans. My understanding |
0:14.0 | is that interest bearing loans between brothers is prohibited. If I put my money in a savings account and I'm getting 4% interest back, |
0:24.6 | am I just removing that responsibility from my loan because now the bank is then charging another |
0:30.5 | believer interest using my money? |
0:33.2 | You're not in charge of the bank and the bank is not a brother. |
0:38.7 | Well, what if the bank is being run by believers? |
0:42.0 | It's not a bank is an institution. |
0:44.8 | It's not the employees. |
0:46.9 | If an individual, we can have a discussion about an individual loaning and individual money, |
0:51.2 | but institutions don't have souls. |
0:55.8 | And I promise you, banks don't have souls. |
0:59.3 | Sure. |
1:00.1 | Right. |
1:01.3 | But then on the back end of that, if somebody goes to a bank, like if I were to go to a bank |
1:06.7 | and borrow money for a mortgage, I'm using the money of other believers. |
1:12.9 | Am I enabling them to charge? |
1:16.3 | How do you know that? |
1:17.1 | They didn't loan you the money, though. |
1:21.1 | Right. |
1:21.6 | The bank pooled a whole bunch of people's money, |
1:24.4 | and so I don't know who the money belongs to. |
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