Conventional and Islamic finance of home purchase : buying a house on Islamic finance
Question: Al Salam Alikom,My name is Ahmed, I am from USA.I just bought a house under Islamic law by guidance financial. They offer Islamic law mortgage (co-ownership program) I would like to ask you if this mortgage still Riba (even though I am dealing with Islamic institution) or it's Halal.Salam 3alikom.
Subjects: Financing; Housing; Subprime mortgage