What does the Bible say about charging interest? This is a question that has intrigued many individuals and businesses over the centuries. The Bible, as a sacred text for Christians, provides various teachings and commandments that guide believers in their daily lives. One of the most notable aspects of these teachings revolves around the practice of charging interest, which has been a subject of debate and interpretation.
The Bible addresses the issue of charging interest primarily in the Old Testament, specifically in the book of Leviticus. In Leviticus 25:36-37, the Bible states, “If your brother becomes poor and cannot maintain himself among you, you shall support him as a stranger and a sojourner, and he shall live with you. You shall not lend him your money at interest or charge him interest or profit.” This verse clearly prohibits the charging of interest when lending money to a fellow Israelite.
However, the interpretation of this verse has been a subject of debate among scholars and theologians. Some argue that this prohibition applies only to fellow Israelites and not to non-Israelites. Others believe that the prohibition extends to all forms of lending, regardless of the borrower’s nationality or religion.
In the New Testament, the teachings regarding charging interest are more subtle. The apostle Paul, in his letter to the Corinthians, writes, “Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee” (1 Corinthians 16:2). While this verse does not explicitly mention charging interest, it emphasizes the importance of contentment and self-sufficiency, which could be interpreted as a moral stance against the accumulation of wealth through usury.
The debate over charging interest in the Bible continues to this day. Some Christians argue that the prohibition applies only to certain circumstances and may not be applicable in modern financial systems. Others believe that the teachings against charging interest are timeless and should be followed in all financial transactions.
In conclusion, the Bible does address the issue of charging interest, primarily in the Old Testament. While the interpretation of these teachings varies, they serve as a moral compass for Christians in their financial decisions. Whether or not these teachings should be strictly followed in today’s world remains a topic of discussion and personal conviction for many believers.
