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USA ISLAMIC MORTGAGE WITH NO INTEREST (RIBA)

USA ISLAMIC MORTGAGE WITH NO INTEREST (RIBA)

What in an American sharia compliant home loan?

In the USA, an Islamic mortgage is defined by a way for a Muslim man or woman (muslim or muslima) to buy a home without entering into a traditional interest-bearing loan. Instead of borrowing money with interest, the arrangement is built around asset-based transactions such as co-ownership, marked-up sale (murabaha) or lease-to-own (ijara).