Only if we start from the top. Money making money is a concept that must die.
It will never die and it can't die at all. You think about giving money to others and getting back more. Stop doing that and no one will lend his money anymore. Big disadvantage for the economy.
On top... when it would be disallowed to take interest then you simply get employees that work for you and you have the same result.
By the way... in some religions it's disallowed. They still found ways to circumvent it.