This is not a new concept, and not an exclusively Islamic concept. And it has been tried with incredible success historically. No wonder Russia is despised by the "elite" of "the West". Russia Debates Unorthodox Orthodox Financial Alternative http://journal-neo.org/2015/11/22/russia-debates-unorthodox-orthodox-financi... It's not a short article, but here's a key quote to get you salivating: "Under Czar Alexander III and his Finance Minister Nikolai Bunge, Russia established the Peasant Land Bank in the beginning of the 1880’s to give interest-free loans to the liberated peasantry that had been freed from serfdom in 1861 by his father, Alexander II and given land. The Land Bank invested in the modernization of Russian agriculture with farmers only paying a small handling charge for credits. The result was such a spectacular rise in Russian wheat, and other cereals that Russia became the world “bread basket” up to outbreak of World War I, exceeding the combined production of the USA, Argentina and Canada by some 25%. "