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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Shariah financing helps US Muslims achieve home ownership dream

Posted on 26 June 2012

Instead of charging interests on a monetary loan, Islamic finance companies generally offer homebuyers a sale, rent or partnership contract on the home.
In the sale model, the Islamic bank purchases the home, immediately sells it to its customer at a mark-up and the customer pays the bank in installments, according to Georgetown University law professor Babback Sabahi, who lectures widely on Islamic financing………………………………………..Full Article: Source

 
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