When is usury usury? Turkish fatwa casts doubt on Erdogan’s religious soft power drive
January 24, 2021By Dr. James M. Dorsey
Turkey’s state-controlled top religious authority has conditionally endorsed usury in a ruling that is likely to fuel debate about concepts of Islamic finance and could weaken President Recep Tayyip Erdogan’s efforts to garner religious soft power by projecting Turkey as a leader defending Muslim causes.
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When is usury usury? Turkish fatwa casts doubt on Erdogan’s religious soft power drive - Modern Diplomacy