Quote:
Originally Posted by finnbow
There's is no such thing as credit/lending fees/interest throughout the Islamic world. Interest/fees are considered usury. That said, they have devised some gussied up scheme that does the same thing, but have somehow convinced themselves that they're not paying interest or fees.
https://en.wikipedia.org/wiki/Islami...ng_and_finance
There are American mortgage companies that finance homes through a Sharia-compliant scheme. It makes them feel better about themselves if the interest they're paying is not considered interest. 
http://www.myuif.com/financing/shari...ome-financing/ |
You missed my point. My friend could not get a mortgage period. He told me you had to pay cash for a home. That is why he liked the USA.
__________________
Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
|