Editing Interest (section)

===Islamic finance===
{{main|Islamic banking and finance}}
The latter half of the 20th century saw the rise of interest-free [[Islamic banking and finance]], a movement that applies Islamic law to financial institutions and the economy. Some countries, including Iran, Sudan, and Pakistan, have taken steps to eradicate interest from their financial systems.<ref>{{Cite journal |last1=Anwer |first1=Zaheer |last2=Khan |first2=Shabeer |last3=Abu Bakar |first3=Muhammad |date=2020-01-01 |title=Sharīʿah-compliant central banking practices: lessons from Muslim countries' experience |journal=ISRA International Journal of Islamic Finance |volume=12 |issue=1 |pages=7–26 |doi=10.1108/IJIF-01-2019-0007 |s2cid=216217732 |issn=0128-1976 |doi-access=free }}</ref> Rather than charging interest, the interest-free lender shares the risk by investing as a partner in profit loss sharing scheme, because predetermined loan repayment as interest is prohibited, as well as making money out of money is unacceptable. All financial transactions must be asset-backed and must not charge any interest or fee for the service of lending.