I'm going to share this with a 5 year old and will let you know if they 'get it'. Unfortunately, it's an issue not many 50 year olds fully comprehend...or don't want to.
We could add another layer to make it more realistic, the banks create the credit to lend out in the first place, meaning the whole loan is riba 🙀...so how would you explain that to a 5 year old in your toy analogy???
Then they wanted more and more toys but didn't have enough money to buy them.
So some sneaky people started making toy money and said let's use this to count how much we spend then we can pay it back later with real money.
It seemed like a good idea. Then the sneaky people kept making more and more toy money until everyone forgot about the real money and especially how much they really owe.
I'm going to share this with a 5 year old and will let you know if they 'get it'. Unfortunately, it's an issue not many 50 year olds fully comprehend...or don't want to.
We could add another layer to make it more realistic, the banks create the credit to lend out in the first place, meaning the whole loan is riba 🙀...so how would you explain that to a 5 year old in your toy analogy???
People used to buy toys with real money.
Then they wanted more and more toys but didn't have enough money to buy them.
So some sneaky people started making toy money and said let's use this to count how much we spend then we can pay it back later with real money.
It seemed like a good idea. Then the sneaky people kept making more and more toy money until everyone forgot about the real money and especially how much they really owe.