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Updated: 1 hour 33 min ago

Dilemma for Muslim homebuyers compelled to pay a high price for loans

Tue, 2023-09-26 10:28
IslamicFinance shared this story from Islamic finance | The Guardian.

Sharia-compliant deals cost thousands more than a regular mortgage, come with stricter rules, and can slow down a sale

Muslims who want to secure a home loan in line with their religious beliefs face the prospect of paying much higher interest rates than if they took out a conventional mortgage.

Those who want a sharia-compliant loan are looking at up to 9% rates – far above the 6% interest that standard mortgages are hovering around.

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Islamic banks need to create more value-based products - The Malaysian Reserve

Tue, 2023-09-26 09:43
IslamicFinance shared this story from "islam carbon markets" - Google News. Islamic banks need to create more value-based products  The Malaysian Reserve