20.08.2009 - American dream; the Shariah way
From Examiner.com: The way Islamic Financing works is, the lender will purchase the home of your choice based on the same guidelines as FHA or Conventional financing except that the fee charged for the transaction is just that, a fee. There is noone holding your property for ransom, you will essentially rent-to-own your home with an agreement that once the proposed amount has been satisfied the deed will be turned over to the buyer. The buyer will still be required to qualify for the loan...........Full Article: Source