COVER STORY: Should you get an Islamic mortgage?

Since the enactment of the Islamic Banking Act in 1983 Malaysia has been operating with both conventional and Islamic banking systems. According to Islamic principles money lending and investing in businesses that are considered haram are prohibited. Islamic finance is all about accumulating all the available resources and providing financing based on pre-determined profits rather than dealing with interest.

More on: http://www.nst.com.my/red/cover-story-should-you-get-an-islamic-mortgage...

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