Charging Interest: Is It Biblical? A Response
Abstract“The Biblical Prohibition Against Charging Interest: Does It Apply To Us?” concludes that “The biblical prohibition against charging interest was not a blanket prohibition for all people at all times” and “we need to discover what part of the prohibition, if any, applies to us” (Elder). Elder’s thesis is popular and expected. Subsequent to the 16th century, charging interest for money has received little criticism. However, widespread acceptance of a practice does not constitute an adherence to God’s will.