Sharia-compliant deals cost thousands more than a regular mortgage, come with stricter rules, and can slow down a saleMuslims 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. Continue reading…
Source : theguardian.com
Read more…Dilemma for Muslim homebuyers compelled to pay a high price for loans
