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New Jersey: Totowa credit union reaches out to Muslims with financing that follows Islamic law

Posted on 01 July 2010

From Northjersey.com: North Jersey Federal Credit Union, which has branches in Paterson and Newark, says it is the first credit union in the nation to offer mortgages that comply with Islamic sharia law, which prohibits paying or receiving interest.
“Now everyone who wants to be compliant can be,” said credit union member Isa Suqi, a print-shop owner in Paterson, who suggested about a year ago to the credit union’s management the idea of expanding into Islamic finance……………………………………….Full Article: Source

 
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