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I really love the way they do home buying. Basically no-interest, but also no opportunity for mortages. The bank owns the house until you've completely paid it
by kleer001 6y ago
I really love the way they do home buying. Basically no-interest, but also no opportunity for mortages. The bank owns the house until you've completely paid it off.
I looked a little but couldn't find a longer article explaining it in more detail, but it should be easy enough to search out for interested parties.
- gher-shyu3i 6y agoTo be fair, those transactions are also usurious, because they increase the price of the asset in exchange for postponing payments. There are several Hadiths (narrations) that prohibit that transaction.
- kleer001 6y agoNice. I guess I only love it in theory. Humans gunna human.
- gher-shyu3i 6y agoIt's very tempting to deal with interest that's for sure, but we have to sacrifice for the greater good. We already see around us what's happening due to parasitic economic practices.