Archive for the ‘Islamic Mortgages’ Category
Saturday, May 17th, 2008
The Washington Post recently did an interesting piece on the growth of Islamic mortgage lending in the United States.
Some excerpts from the article:
The mortgage industry may be in meltdown, but at least one class of lender appears to be flourishing: Islamic finance companies that offer Muslim home buyers alternative arrangements ...
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Monday, March 24th, 2008
Via moneyhighstreet.com, March 16 2008:
There is nothing to stop anyone from opting for an Islamic mortgage if they feel it is the best product available to them, an industry expert has said.
Emile Abu-Shakra, media relations manager at Lloyds TSB, explained that the popularity of Islamic financial products had increased in ...
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Monday, March 3rd, 2008
via IslamOnline.net:
CAIRO — A £1bn Shari`ah- compliant loan will turn a landmark military property at the heart of London into a luxurious residential compound, a groundbreaking project for Islamic finance dealings with real estate in Britain.
"This is the most important redevelopment scheme in London in the last 50 years," Christian ...
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Saturday, February 10th, 2007
As has been mentioned in previous articles on this website, Islam prohibits ribaa, the paying and receiving of interest. Because of this, Islamic banks and Islamic finance institutions have come up with Islamic home lending products that follow shariah rules. Up until the late 1990's these products were offered only ...
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