Displaying items by tag: Pervez Nasim

Muslim Link is Ottawa Muslims' Online Community Newspaper. The site includes an up-to-date Events Listing and Business and Community Directory for Ottawa Muslims.

Muslims in Canada have been pioneers in developing a system that makes it possible for Muslims to buy homes through completely halal means. Since 1980, Ansar and Islamic Cooperative Housing Corporation has been enabling Muslims to purchase homes without using mortgages or interest while also providing an opportunity for halal investment.

20
December

2016

Interest Free Home Ownership – How Does It Work?

Published in Islamic Finance

One of the biggest challenges Muslims face when it comes to reconciling their faith with their finances is home ownership. With house prices starting in the hundreds of thousands of dollars, how is it possible to buy a house without borrowing money through an interest-based mortgage?

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Islamic Finance