Finance and Banking

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Is Car Financing Halal or Haram?

In a tough economy where prices are increasingly soaring, people are always looking for alternative ways to make a decent living. To buy a house, a car, a property, or even set up a business, people who cannot opt to make purchases on direct cash have other options available in the market. Sometimes, people look …

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Mortgage, Is It Halal or Not?

A mortgage is a loan obtained from a bank or other financial institution. The purpose of this loan is to help borrowers to purchase a home. The security of the mortgage is the home itself. If the borrower fails to make monthly payments to the lender and avoids the loan, the lender can sell the …

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