
Mortgage News
NZ's first Islamic home loan launched
Tuesday 3rd of October 2006
Islamic finance is quite different to the Western-style as a Muslim cannot lend money to, or receive money from someone and expect to benefit. Interest (known as riba) is not allowed. To make money from money is forbidden - wealth can only be generated through legitimate trade and investment in assets. Money must be used in a productive way.
Argosy managing director Martin Fuller says I...
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