Halal mortgages simply use a different fee structure to replace interest payments. Because of the scarcity of this type of mortgage products, those lucky guys normally pay hefty fees.
micah(mica)
A halal mortgage allows Muslims to finance home purchases without paying interest to a lender, which is 'haram', or prohibited by Sharia law.
Halal mortgages simply use a different fee structure to replace interest payments. Because of the scarcity of this type of mortgage products, those lucky guys normally pay hefty fees.
-micah(mica);
4-17{739}(#16055037@0)
A halal mortgage allows Muslims to finance home purchases without paying interest to a lender, which is 'haram', or prohibited by Sharia law.
