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Where do Muslims get their home loans from? I'd like an interest free home loan! It's haram for muzo's to pay interest so how do you buy your homes?? Tell me where to get the interest free loan from cause I want one too! Actually, that's the only thing I agree with Muslims about!
By Posted on 11/10/11 Total Answers 5
Answers-
Hey, stop believing in religion and God, which don't exist. You get your home-loan from a bank, if that ain't obvious.
Answer by : AMNeSia On Date 2011-11-10 07:46:44

Lmao wtf? most muslims have credit cards and they get charged interest they are sinners ! :O mind blown
Answer by : Dr Wadzy On Date 2011-11-10 07:47:35

we buy by using bank loan also. interest is a sin for bank/creditors but not for the earners one
Answer by : use your brain On Date 2011-11-10 07:47:56

Interest makes rich people richer. They earn money from money. Earning money without an afford like interest is haram, yes! We have banks. You say I want to buy a house. Normally the banks gives you money and you pay-back with interest right? According to Islamic Banking, The bank buys the house for you and then you are buying the house from the bank. So the seller is Bank now. Bank says ok pay me back in 5 years with these money and its done. No interest is involved. I kindly request you to remember the mortgage crisis in USA because of interest rates..
Answer by : Bburak On Date 2011-11-10 07:49:01

Usually it is a bank with Muslim name, claiming it is interest free. Mostly it is interest bearing, a rip off at higher price.
Answer by : zia On Date 2011-11-10 07:49:21

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