Islamic home financing opens the door to homeownership
Paying interest goes against Islamic rules on finance. Now, more institutions are offering Islamic mortgage solutions. Plus, what happens if the UAW strike grows?
"Higher wages still attract workers, but people are reluctant to move because of high housing costs," explained senior economics contributor Chris Farrell.
The current United Auto Workers strike is limited, with less than 10% of covered employees striking. But what broader economic impact could an all-out strike have?
Islamic finance offers alternatives to conventional loans and mortgages to comply with a religious prohibition on interest, which is seen as financial exploitation.
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