The document discusses the principles of an interest free system (IFS) as an alternative to the usury-based system. It proposes that IFS would promote [1] unity among all mankind by sharing resources equally and encouraging individual enterprise, [2] peace by pursuing mutual benefits over individual gain, and [3] salvation from modern slavery driven by interest rates and missing alternatives. The document advocates establishing a balanced system across various aspects of society guided by Islamic principles.

1. ‫بسم ا الرحمن الرحيم‬
INTEREST FREE SYSTEM
[IFS]
FAİZSİZ SİSTEM
www.socialbalance.wetpaint.com
(Not updated yet)
Slide order
1,9,10,11,
Prepared by: Turan Buday

2. WHAT IS USURY [SBOIR]
It is a system based on an a individual or an entity borrowing from an
institution for a given rate spanning over a given time.
Usury by its nature promotes individual enterprise and discourages
collectivism.
In the absence of competition an individual can borrow as much as he
likes and get even richer at the expense of the masses. The borrowing
cost are added to the services and items sold and hence fuelling
inflationary pressures on a given economy .
INDEPT EXPLANATION
Pooling system by collecting taxes
Promotion of individual entprise

3. ALTERNATIVELER KONULARA
GORE
SECILIRSE
•BUTUN DUNYA INSANINI ILGILENDIREN TEK ORTAK KONU
[INTEREST RATES]
•BUTUN DUNYA INSANININ SEVMEDIGI TEK SEY [INTEREST
RATES/USUARY]
•ALTERNATIVE MODEL OLSA INSANLIGIN SECECEGI TEK SEY[IFS]
-EXCLUDING EXTREME RELIGIOUS, RACIST, LOBY & OTHER
INTEREST GROUPS

4. DAHA KONUYA BASLAMADAN ONCE
CEVAB ARIYAN BAZI ON SORULAR
Faizsiz bir sistemin alt yapisini olusturan maddelerden olan
Sahis, koy, kasaba, sehir , devlet, bloklar, BM ler, goz onunde
bulundurursak insanligin
Barisi – (peaceful world)
Refahi – (economic wellbeing)
Vahdeti – (on common issues/interests)
nasil saglanacak?

5. INTENDED OUTCOMES
 UNITY OF ***ALL mankind***
 PEACE FOR MANKIND - mutual benefits
 SALVATION FROM MODERN SLAVERY
-industrial revolution, interest rates, *missing link* [IFS]
 BRINGING THE BEST OF WORKING MARKET
ECONOMY AND FINE TUNING IT WITH ISLAMIC
PRINCIPLES
 TOWARDS BETTER UNDERSTANDING OF religion -
promotion of moral codes in modern setting
 SEARCH for a better business & civil society model

6. Balance in Ethics
[Ahlaki Denge]
From the beginning
Throughout history
EVIL GOO
[KÖTÜ] D
[İYİ]
+
Has GOD created the
humankind to fight these What is “GOOD”?
never ending wars?
Why?
Are wars inevitable? As
most people believe

7. All things are created in equal and opposite pairs
Male ~ Female
North ~ South
Positive ~ Negative
Day ~ night
Winter ~ summer etc
And one would be extinct without the other.
One right step towards a real change is better then centuries of
rhetoric.
In the absence of light, forces of "darkness" will
always prevail.
Men can choose to bury his head in the sand but this will only
darken his world
Kucuk insanlar insani, normal insanlar olaylari, buyuk insanlar
fikirleri konusurlar/tartisirlar

8. QUANTIFIABLE
FORMULAS
MANEVIYET
spirituality MADDIYET
materialism
SYSTE
M
+
GAVERNANCE*MORALS = ECONOMY [well being]
KNOWLEDGE G*M = E
K V=IR – electricity
G/K+M/K+E/K = WB
F=MA
G1*M1*E1 = G2 * M2 * E2
KG KM KE G2K M2K E2K E=MC2
P1*V1=P2*V2
G1*M1*E1*K1 = G2 * M2 * E2 * K2

9. QUANTIFIABLE
FORMULAS
G1*M1*E1*K1=WB~0% - 100%
Where the common denominator will increase the probability
of getting it right
Ilim=1/y1+2/y2+3/y3
Legend y=yorum--konular
ahlak=1/a1+2/a2+3/a3
Legend a=ahlak--piece
V=IR – electricity
yonetim=1/d1+2/d2+3/d3
F=MA
Legend d=degisim--democracy
E=MC2
iktisat=1/r1+2/r2+1/r3 P1*V1=P2*V2
Legend r=rekabet--dividend

10. Verses of The Qur`an on Riba [Usury/Interest Rate]
First Revelation (Surah al-Rum. verse 39)
That which you give as interest to increase peoples' wealth
increases not with God; but that which you give in charity,
seeking the goodwill of God, multiplies manifold . (The Qurán
30:39)
Second Revelation (Surah al-Nisa, verse 161)
And for their taking interest even though it was forbidden for
them, and their wrongful appropriation of peoples' property, We
have prepared for those among them who reject faith a
grievous punishment. (The Qurán 4: 161)

11. Third Revelation (Surah Aal Imran, verse 130-2)
O believers, take not doubled and redoubled interest , and fear
God so that you may prosper. Fear the fire which has been
prepared for those who reject faith, and obey God and the
Prophet so that you may receive mercy. (The Qurán 3:130-132)
Fourth Revelation (Surah al-Baqarah, verses 275-81)
Those who benefit from interest shall be raised like those who
have been driven to madness by the touch of the Devil; this is
because they say: "Trade is like interest" while God has permitted
trade and forbidden interest. Hence, those who have received
admonition from their Lord and desist, may have what has already
passed, their case being entrusted to God; but those who revert
shall be the inhabitants of the fire and abide therein for ever.
(The Quran 2:275)
God deprives interest of all blessings but blesses charity ; He
loves not the ungrateful sinner. (The Qurán 2:276)

12. Those who believe, perform good deeds, establish regular prayer
and pay the Zakat , their reward is with their Lord; neither should
they have any fear, nor shall they grieve. (The Qurán 2:277)
O believers, fear God, and give up the interest that remains
outstanding if you are believers. (The Qurán 278)
If you do not do so, then be sure of being at war with God and
His messenger. But, if you repent, you can have your principal.
Neither should you commit injustice nor should you be subjected
to it. (The Qurán 2:279)
If the debtor is in difficulty, let him have respite until it is easier,
but if you forego out of charity, it is better for you if you realize.
(The Qurán 2:280)
And fear the Day when you shall be returned to the Lord and
every soul shall be paid in full of what it has earned and no one
shall be wronged. (The Qurán 2:281)

14.  KNOWLEDGE - to initiate & innovate
technology - shared knowledge
 MORALS – common basic human values
- Islamic ethics
 ECONOMY- [IFS] shared wealth method
 GOVERNANCE – shared power, systems
& processes for the purposes of
upholding justice

15. Penalties paid in this world
KNOWLEDGE – pen is more powerful then sword
(“iqra”) – lack of knowledge is lack of power
MORALS –premium paid to idols by non-privileged in
society - Islamic ethics
road tolls and speed humps put up to slow traffic
ECONOMY- [IFS] pursuit of money takes most of our
time “ it's the money stupid”
GOVERNANCE – non-shared power, lack of systems
& processes, lack of justice

16. FORMATIONS OF SINGLE ISSUE CIVIL
SOCIETIES
[Upholding/promoting the single aspect of life]
Will end up
İLİM [KNOWLEDGE] = Necessary for all aspects of life -
atheists??
AHLAK [MORALS] = Christianity, Judaism, Buddhism
İKTİSAT [ECONOMY] = Capitalism-greed
YÖNETİM [GOVERNANCE] = Dictatorship

17. WELBEING
PRINCIPLES OF A FREE SOCIETY
give ~~~~take
As all give and no take will make one poorer, all take and no give will create
wars (usury system)
Balanced growth
~ infinite peace, - desire for peace should be with the whole
environment(world)
~ infinite knowledge seeking - you can not choose where you attain knowledge
~ infinite consultative team - you don`t know who has the best intellect at any
given time
~
Individual ~ attains knowledge, prepares thesis, proves the theory/invention,
Implements the idea or mass markets the invention/ to do all this he needs to
be at peace within himself and the envirenment

19. CURRENT TRENDS & CONSIDERATIONS
•IS IT THE END OF CAPITALISM?
•Status of our financial systems - shares, bonds, superannuation, etc
•Interest rates – how much does it effect people
•Economist, bank chiefs, print media talking up rates , but they never talk it down
•Self corrective mechanism at the expense of individual investor, superannuation
returns
•In the absence of a ideal system individualism takes over & premiums paid to heroes
•Why capitalism, free market ideals still work? How do they make it work?
•New trends
-Westpac's Islamic finance arm – ready to try
-NAB`s attempt at Islamic finance facility - shy away due to pressure
-Australian Governments attempt to attract Islamic banking to Australia and chang
tax laws accordingly

20. OPPOSING
SYSTEMS
INTEREST RATES = IFS = SHARED
PROTECTIONISM investment base
[USUARY]
NON-SHARED SHARED
POWER POWER
WEALTH WEALTH
MONEY MONEY
KNOWLEDGE KNOWLEDGE
HENCE VALUES HENCE VALUES

21. OPPOSING
SYSTEMS
WITHOUT ISLAM
INDIVIDUALISM COLLECTIVISIM
Individual enterprise Heavy control &
Bureaucracy
10% of elite are rich ISLA 10% ruling class
M
RICH FEW At the
expense of others EVERYONE IS
EQUEL BUT POOR
Who are these?
Promotion of individual to Who are these?
n `n` th degree can create
Gods i.e.:
Government leaders
Sporting heroes
Religious leaders

22. NEUTRAL
RATES
Law interest rates for business
versus high interest rates for greedy
individuals or businesses
0% NEUTRAL
RAT N th % i.e.: 10%
POINT IE: 5%
E
INFLATION?
DEFLATION
?
If everyone trying to benefit from rates less then the neutral
rate this will cause inflation- i.e.: ballooning of the economy
And hence upward pressure on rates

23. BALANCED
BALANCED
TEAM UN-
TEAM BALANCED
TEAM
STRIKERS
FARWARDS
BACKS
MIDFIELDER
S
STRIKERS IDEAL WORKING TEAM
TEAM CHARACTERISTICS
PROMOTER TYPICAL RELIGIOUS ORGANIZATIONS
IE: ALL FARWARDS
ASSERTIVE
NO OPPOSITION
SILENT IF THERE IS ONE? THEY ARE EX-COMMUNICATED
FACILITATOR To help this end there are no elections
DOMINATOR

24. Ideal team is one that reflects
COLOURS OF NATURE
•Who would want to eat the same apple all
their life
•Non rotated positions will cause despotic
tendencies-crime-comfort zones
•Non rotated shelve item will rot
•Non rotated player will get burned out quicker

25. SOME OF THE MITHS
-PARANIN DINI OLMAZ?
-Don’t mix money and religion
-Dunyaya tapmayin
-Luxury house, car is not for Muslims????-
-Taliban driving around Toyota 4 wheel drives, cell
phones etc

26. p
o
w
e
r
Peak (zirve)
Business
cycle/
Cycle of
civilizations
periods
time

27. NATURAL BALANCE
[Tabi Denge]
Freedom
Destiny
Globalization Faith Unity
Balance in Balance in
economics governance
FINANCIAL FINANCIAL
SYSTEM BASED Sustainable Interest free SYSTEM BASED
ON INTEREST growth system ON INTEREST
FREE SYSTEM RATES
INFLUENCES ALL Balance in INFLUENCES ALL
Balance in
ASPECTS OF knowledge ASPECTS OF
HUMAN LIFE IN A ethics Multi HUMAN LIFE IN A
POSITIVE WAY Social NEGATIVE WAY
Peace justice culturalism
Balance in
Media
Plural
democracy

28. BALANCE BETWEEN GROWTH AND SLOWDOWN
[Buyume ve kuculme arasi denge]
SLOW DOWN IN ACTIVITY GROWTH IN ACTIVITY
Consolidation De-centralisation
Down balance Up balancing
Centralisation De-merger
Dept consolidation / Outsourced activity-
reduction creating small
mountains
In-house activity- creating
single mountain
Unilateral activity Shared activity

29. MAJOR GUIDING PRINCIPLES
In pursuit of natural balance following principles should be considered;
1- Men to show love and respect to all due to creator, the most Merciful.
2- To have characteristics of unifying all, for the common causes at
macro level.
3- To divide resources equally among all but encourage individual
enterprise at the same time.
4- To have characteristics of getting rid of slavery and poverty.
5- To be able to achieve peak in any Endeavour without suppressing
others.
6- To regard diversity as an asset. – when forming a balanced team
7- Any idea or alternative should compete freely at market place and
exposed to the elements.
To have any credibility it should not rely on modern military arsenal to
sustain itself.

30. 8- Monopoly by corporations, associations, and sporting clubs should
be prevented by supporting competition.
9- When trying to grow companies, share ownership should be
encouraged as opposed to borrowing from other institutions.
9a-Voluntary organizations and associations should try to increase
membership even if they are financially well off.
10- One should not dwell on others handicaps. Always looking at
positives in people.
11- To be able to create a medium through diplomacy where there is
no need for war.
12- To encourage dialogue between civilizations while maintaining
cultural traditions.
13- To have an understanding where strong opposition and diversity
in make up of parliaments, associations, companies and other
working groups regarded as positives.
14- To achieve strength through unity.
15- Leadership of organizations should be changed periodically even
if they are elected on a popular vote.

32. BALANCE IN ECONOMY
[IKTISATTA DENGE]
SYSTEM BASED IN INTEREST
INTEREST FREE SYSTEM
RATES
[FAiZSIZ SISTEM]
[FAIZLERE DAYALI SYSTEM]
BEREKET
INVESTMENTS GOVERMENT INDIVIDUAL
PRIVATE COMPANIES KURLAR
iHRACA ZEKAT
T MARKET WASTE ENFLASYON
SADAKA
SIZE
RATES
THEMSELVES
COLLUSION
STED COMPANIES PRIVATE EQUITY

33. GÜC DENGELERİ
[Balance of Powers]
COGULCU
TEK ELDEN YÖNETİM DEMOKRATIK
TEK ELDEN KAZANC YÖNETİM YAPISI
[UNILATERAL WEALTH BIRLIKTEN DOGAN GUC
GENERATION] 100%
power/wealth [STRENGTH IN UNITY]
USUARY
INDIVIDUAL ENTERPRIZE
INHERATANCE
FREEDOM OF CHOICE
MILITARY
FREEDOM OF SPEECH
FORCE
HEROES ETC
It is possible to reach the summit in either method but pyramids with
larger base is more sustainable - and more people benefit.

34. SAGLIKTA DENGE
ISRAF
[Balance in health] BEREKET
AZ
FAZLA YEMEK;
YEMEK; AZ
FAZLA OXYGEN
OXYGEN TUKETIMI
TUKETIMI
HELAL
HARAM

35. YÖNETİMDE DENGE
[Balance in
governance]
DICTATORSHIP PLURAL
OPPOSITION - DEMOCRACY
monopoly MUHALEFET
competition
[Diktatorluk]
[Cogulcu Democrasi]
Insan tek e dogru yaklastikca kendini, zaman gelir
Allah ilan eder . Insan olan yaratik hata yapabilecegi
icin ufak bir hata devletin ve imparatorlugun sonunu
getirebilir.

36. COMMOM THEMES BETWEEN CIVIL SOCIETIES
(associations) AND BUSINESSES
[SIVIL TOPLUMLARLA SIRKETLERIN ORTAK YONLERI]
VOLUNTARY
ORGANIZATION
S
PEOPLE
Members
Customer
Supporter
BU
S
N
MARKET
SI
O
C ING
TI
NE
IA
SO RT
SS
AS O
ES
SP
People must to be at the core of all human activity.
Peaceful environment can be achieved if boundaries of membership,
customer and supporter base is lifted.

37. COMMOM THEMES BETWEEN CIVIL SOCIETIES
(associations) AND BUSINESSES
[SIVIL TOPLUMLARLA SIRKETLERIN ORTAK YONLERI]
VOLUNTARY ORGANIZATIONS
Cuma mass-every organization wants their
church/mosques to be full-but??? Members
Customer
BUSINESSES Supporter
Costumers-every business wants their shop to be full of customers MARKET
But????
PEOPLE
SPORTING ASSOCIATIONS
Supporters-every sporting club wants playing arena to
be full i.e.: team members

38. Explanations of Allah's method in nature and comparisons to
peoples method
•Allah tan daha cok Alahin sistemini korumaya calisanlar
•Togbe kapisini kapatanlar
•Allah does not descriminate against certain colour race good or
bad
•Opposites are attracted
•Allah created all different quality colour type ~ fruits etc
•Created seasons to refreshen nature
•Offspring's are stronger from different people other then your
close ones

39. Crank
ENGINES of SOCIAL ACTIVITY Faulty
shaft
piston
A B C D
Allahin yarattigi guzel bir nesneyi , fitrati yuceltebilmek icin butun
cevreyi, altyapiyi duzeltmek gerekir.
Ornegin: egitim, zenginlik, ahlak, adalet, vb.-----single issue
parties/associations
Legend: A=knowledge B=wealth C=morals D=justice

40. SOME OF THE TERMINOLOGIES OF [IFS]

41. EVOLUTION IN HUMAN ACTIVITY
CIVIL SOCIETIES
- Population increase throughout history -
States
Individuals
~Micro planning
~marry
& implementation
Families Nations
Cultural, religious unions
~share resources Under same flag
Associations
Unions or Blocks
~initiate activities
Councils Globalism
united nations
~Local planning One world
And works

42. ABSOLUTE MUSTS FOR [IFS]
EDUCATION PEACE IN THE WORLD
TECHNOLOGY TO
ROTATION OF THE CREATIONS i.e. WORKSMART AND STOP
-OBJECTS*SUBJECTS CONVENTIONAL SLAVERY
NO HERO WORSHIPPING
MORAL CODE STOPPING LAVERAGED
DEMOCRACY PRODUCTS
DESIRE FOR SUSTAINED
COMPETITION GROWTH
FREE MEDIA SHARED POWER
SHARED WEALTH
FREE SPEECH DESTINY-CONCEPT
INVESTMENT TYPE BANKING
BALANCED TEAM
GOD`S METHOD OF SHARED
RESOURCES
GOD`S METHOD OF FORGIVING

43. PROSPECTS OF ORGANIZATIONS
SIVIL SOCIETIES CUSTOMER/ NO COMPETITION COMPETITION RELEVANCY
SUPPORTER BASE OR OPPOSITION
PUBLIC GLOBAL GOOD FUTURE GOOD FUTURE EXCELLENT
BUSINESSES
Private businesses LOCAL LOCAL FUTURE NO FUTURE UNCERTAIN
VOLUNTARY LOCAL LOCAL FUTURE NO FUTURE UNCERTAIN
ASSOCIATIONS
RELIGIOOUS GLOBAL/LOCAL LOCAL FUTURE NO FUTURE NON
ORGANIZATIONS RELEVANT
SPORTING GLOBAL/LOCAL GOOD FUTURE GOOD FUTURE GOOD FUTURE
ORGANIZATIONS
POLITICAL PARTIES GLOBAL/LOCAL NO FUTURE GOOD FUTURE GOOD FUTURE
Single issue parties LOCAL GOOD FUTURE NO FUTURE NON
RELEVANT
Current situations

44. SYSTEM OF
PRIOROTIES
SİSTEM
TEMEL ESASLAR
İNSAN DÜŞÜNCE ÜNSİYET İRADE HİS
KONULAR İLİM YÖNETİM YÖNETİM AHLAK
KRİTERLER MÜSBET ADALET FAYDA İYİ
İLİMLER ZULÜM ZARAR KÖTÜ
GENEL EĞİTİM
NİÇİN

45. CONCEPT OF UNITY
Mercy abundance richness blessing
character capacity attributes virtue

46. SHARE BUY SELL ACTIVITY AND TRANSACTIONS
BUYYERS NUMBER OF BID OFFER NUMBER OF SELLERS
UNITS UNITS
2 10000 $2.00 $2.00 20000 1
1 9000 $1.95 $2.05 15000 1
1 100000 $1.90 $2.10 100000 4
2 35000 $1.85 $2.20 50000 3
4 40000 $1.80 $2.30 3000 1
1 30000 $1.75 $2.40 1000 3
1 3000 $1.70 $2.50 5000 5
3 1000 $1.68 $3.00 12000 1
10 45000 $1.50 $4.00 20000 10
1 60000 $1.40 $5.00 1000 2
1 6000 $1.25 $6.00 4000 1
10 120000 $1.00 $10.00 25000 1
DYNAMIC VALUATIONS (MONTHLY OR QUARTALLY)
DIVIDEND DECLARED 10cents/

47. ANOLOGY
SELLING OUT OF AN INVESTMENT IN A RUSH MANNER?
TREE EXAMPLE
METHOD OF CHOPPING A TREE PIECE BY PIECE FROM
THE TOP.
Method of cutting the tree from the bottom
IT WILL FALL ON TOP OF YOU IF YOU CUT FROM THE
BOTTOM IN A CLOSE BY NEIGHBOURS

48. GROWTH PATH FOR
BUSINESSES
IN FREE MARKET
Column1 Column2 Column3
BUSINESS SIZE
(CAPITALIZATION
)
R
BA
K
IL I L
L
M
U LT ONA GS
CA M ATI IN
LO N O LD

49. The haves
(Rich few individuals)
ECONOMIC
WELLBEING
The have nots
(Working class-
masses)
PERIOD – proportional to crises
Legend = red - artificial crises
= yellow[IFS]- regulated / natural crises

50. BUSINESS MODEL
1
2
3
4
5
6
7
8
9