An Interesting finding....
In Islam, one of the things that are prohibited is Riba .
The general meaning of Riba is:
"The literal meaning of interest or Al-RIBA as it is used in the Arabic language means to excess or increase.
In the Islamic terminology interest means effortless profit or that profit which comes free from compensation or that extra earning obtained that is free of exchange.
"Riba` is a loan with the condition that the borrower will return to the lender more than and better than the quantity borrowed."
Nowadays, some muslims might argue that bank interests (i.e. saving accounts) are not prohibited (especially in some cases where people have no other option to live on), which is understandable in some specific (no other option) cases.
Putting that aside, here's the interesting finding...
An economic methodology and finding:
The lower the interest rates Banks give, the more flourishing the economy will get. Because, everyone instead of saving money in banks, they'll invest in the market.
Hence in the USA, interest rates are extremely low.
Equation: Little (or no) interest = better economy.
In other words, 1400 years ago a ruling came out (as part of Islam) that prohibited interest rates (from loans for instance), and only recently economists found out that it is actually better for the economy to have little (or even no) interest rates!!
Sob7an Allah! Islam is GREAT!