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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