Financing According To Faith
Manage episode 346910404 series 3347989
In Islam, it is forbidden for Muslims to both receive and pay interest, preventing them from being able to get mortgages, student loans, and auto loans. Many Muslim Americans are forced to rent for the entirety of their lives, but luckily, there are a few banks and lenders out there that offer faith-based financing. Vice President of Islamic Residential Financing, Ali Farooq, tells us what financing options are out there for Muslim Americans and how much their bank has grown from helping this underserved demographic.
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