Posts Tagged ‘Mortgages’

New Zealand Muslims offered interest-free mortgages

Friday, May 8th, 2015

A  finance company is planning to provide interest-free mortgages to Muslims. Paying or receiving interest on loans is forbidden in Islam. Islamic loans involve various alternative ways for the borrower to repay the lender at a premium, while technically not charging interest. Brian Henry, managing director of Amanah Ethical, said it was important to understand Read more