Posted by: islamicfinancingnews | May 22, 2012

Avoid Riba With Islamic Mortgages

  Unless you’ve been hiding under a rock recently, you know that Islamic finance is becoming more mainstream in more traditional and Western countries like the United States and Canada. Devout Muslims in both of these nations are looking to get Islamic mortgages from reputable companies that keep them in accordance with Sharia law’s views on riba.

That means it’s important to take a good look at not only the opportunities you have in the real estate market but the kind of companies that are offering Islamic loans on the Internet. There are a few things that can be used as criteria to make sure that you’re getting all that you’re paying for including a complete glossary.

It goes without saying it’s important to make sure the company you’re dealing with understands the similarities and differences between Islamic mortgages and the more traditional Western variety, and if they have a glossary on their website with some of Islamic terms pertaining to riba and other issues you can feel comfortable they understand these differences.

Getting the right Islamic mortgages is a process that you can start from the comfort of your own home in front of your home computer.





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