An Ethical Evolution of Interest Available to Purchase

Charging interest on lonas is considered normal business practice. However, today consumers and regulators are taking a close look at interest rates and fees which at times seem unreasonably high. But charging even a reasonable rate of interest has not always been considered morally acceptable. This paper examines the ethical evolution which has taken place concerning the morality of charging interest. In doing so it provides an unerstanding of the historical and philosophical foundations with respect to the charging of interest.