Mortgages and Loans: Islamic Finance Avoids Interest.
September 3rd, 2010Use Stock For Finance Articles Comments OffTwo million Muslims in Britain an ethical dilemma if they want a mortgage or a loan. Loans and conventional loans require the payment of interest and "riba" as interest is called under Islamic law, is prohibited by the Koran. British financial institutions are increasingly catering for Muslims' specialist needs through a range of alternatives that respects the teachings of the Koran. Here are just two of them: Ijara with decreasing Musharaka – 'sMortgage alternatives. Ijara with decreasing Musharaka is an Islamic alternative to a conventional mortgage market Read More
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