Iranian clergy protests against interest-based banking

Just as Iran's education, health, military and administration have entirely remained westernized, so has its economic system.

The rulings of the Shia clergy have been swept under the rug by introduction of the idea of Absolute Guardianship of the Islamic Jurist (In Persian Velâyat-e Faqih) which gives the leader the power to go against the religious rulings if he finds them in conflict with the interest of the holy System.

"[2] In February 2019, Ayatollah Nasir Makarem Sherazi said: "Banks have created conditions that have made people's lives miserable.

"[3] In September 2018, Ayatollah Noori Hamdani said: "It has been said many times that the money that our banks charge in the name of fines on the loans is interest and is impermissible.

"[5] In February 2019, Ayatollah Muhammad Alavi Gorgani said: "Economic conditions are worse these days.