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What are halal mortgages?

  • Written by Shariq Siddiqui, Assistant Professor & Director of the Muslim Philanthropy Initiative, Indiana University
What are halal mortgages?Islamic finance allows Muslim families to purchase homes on interest-free mortgages.faidzzainal/E+ collections via Getty images

The growth of “halal mortgages” over the past 20 years has expanded financial access to homeownership for many Muslims. Halal mortgages provide interest-free loans in keeping with Islamic beliefs.

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