Muslims can take part in North American real estate by getting islamic home loans whereby they can stay Sharia complaint and away from riba. They understand these islamic mortgage loans hold the money in a trust but in many ways these products act just like a more traditional western style mortgage.
Remember that both types of loans offer all the advantages of home ownership including:
• A sense of pride. When you own the home you live in , you’re free to make changes and renovate to create a unique footprint on the neighborhood where you live.
• You build up equity. Getting something back for the money you pay out is another advantage to homeownership. Paying down that mortgage means you have equity for future use.
• You can even buy and resell and make the market a source of income. Some people even make flipping properties a full time occupation.
Buying a home with Islamic home loans is a good idea for several great reasons and when you can move ahead with this Sharia compliant type , there’s no reason not to get involved in the North American real estate market.