Archive for the ‘islamic mortgage differences’ Category

Islamic Mortgages- Murabaha, Ijarah and Musharaka

Islamic Mortgages Introduction The three common forms of Islamic mortgage contract for house purchase finance are Murabaha, Ijara and Musharaka. In the first arrangement, the bank buys and sells it back to a client at a higher price, which is repaired in instalments. In Ijara, the bank […]

Share Button
Read more

What are the key differences between an Islamic Mortgage and a Conventional Mortgage?

What are the key differences between an Islamic Mortgage and a Conventional Mortgage? The underlying principle of shariah finance is that money cannot be generated from money i.e. interest . Some form of transaction has to take place between the vendor and the buyer. In the resultant […]

Share Button
Read more