Is Charging Interest Consistent with Christian Ethics- A Deep Dive into the Biblical Perspective

Can a Christian Charge Interest?

Interest has long been a topic of debate within religious communities, particularly among Christians. The question of whether Christians can charge interest is rooted in scriptural teachings and theological interpretations. This article aims to explore the various perspectives on this issue, considering both biblical principles and contemporary practices.

In the Bible, the Old Testament contains numerous references to interest, both positive and negative. For instance, Leviticus 25:36-37 states, “If your brother becomes poor and cannot maintain himself, you shall support him as though he were a stranger and a sojourner, and he shall live with you.” This verse suggests that lending money without charging interest is a form of support for the needy. However, the same chapter also mentions that if a person charges interest on a loan to a fellow Israelite, they must charge no more than 20 percent interest (Leviticus 25:36-37).

The New Testament, on the other hand, does not explicitly address the issue of interest. Some Christians argue that since the New Testament does not explicitly prohibit charging interest, it is permissible for Christians to do so. Others contend that the principles of love, compassion, and justice found in the New Testament should guide Christians in their financial dealings, which may imply avoiding interest altogether.

Proponents of charging interest argue that it is a natural part of the economic system and can encourage savings and investment. They point to verses like Proverbs 6:6-8, which says, “Go to the ant, you sluggard! Consider her ways and be wise, which, having no leader, officer, or ruler, prepares her bread in the summer, and gathers her food in the harvest.” This verse is often interpreted as a metaphor for the importance of saving and preparing for the future, which can involve earning interest on savings.

Opponents of charging interest, however, argue that the Bible’s emphasis on compassion and justice should lead Christians to avoid exploiting others financially. They point to verses like Matthew 23:23, which says, “Woe to you, scribes and Pharisees, hypocrites! For you tithe mint and dill and cumin, and have neglected the weightier matters of the law: justice and mercy and faithfulness.” This verse suggests that Christians should prioritize justice and mercy in their financial dealings, which may include avoiding interest.

In conclusion, the question of whether Christians can charge interest is complex and multifaceted. While some argue that it is permissible based on biblical principles and economic considerations, others contend that the emphasis on compassion and justice should lead Christians to avoid interest altogether. Ultimately, the decision may depend on individual interpretation of scriptural teachings and personal conviction.