Why does the financial part of Manzil remind me of conventional interest based mortgages?
Murabaha & Ijara We have been working with our eminent Sharia’a scholars to design financial products which conform to Sharia’a and at the same time, give Muslims access to the economic benefits of home ownership through fixed(Murabaha) and variable (ijara) price plans. Trade (through Murabaha) and Leasing (thorugh Ijara) are permitted but interest (riba) is forbidden.
Related Questions
- What are main advantages of the ProDVR DVR over a conventional Time Lapse VCR based video surveillance system?
- would cheaper money relieve the anxiety in financial markets about shoddy mortgages and declining home prices?
- Why does the financial part of Manzil remind me of conventional interest based mortgages?
