Daily Archives: December 20, 2024
Mortgages And Loans. Islamic Finance Avoids Interest.
Mortgages And Loans. Islamic Finance Avoids Interest. Two million Muslims in the UK face an ethical dilemma if they want a mortgage or a loan. Conventional mortgages and loans all require the payment of interest and “riba” as interest is called under Islamic law, is forbidden by the Koran. British financial institutions are increasingly catering