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Principles of Political Economy, Vol. 2

Note 190-6 — Chapter IV

John J. (John Joseph) Lalor translation

The prohibition in the Koran, ch. 2, 30, is regularly evaded in Persia, by deducting the proper amount at the moment the loan is made. (Chardin, IV, 157 ff.) Under the Mongolian rulers, it was done by way of preference, by a fictitious sale for cash, at prices out of all proportion. "Why cannot capitalists either buy land or carry on trade?" asked Sultan Gazan, on an occasion when the prohibition of interest was strongly insisted on. (d'Ohsson, Histoire des Mongols, IV, 397.)

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