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Financing According To Faith

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In Islam, it is forbidden to receive or pay interest, preventing Muslims from getting mortgages, student loans, and auto loans. Many are forced to rent. Luckily, there are a few banks and lenders offering faith-based financing. Ali Farooq, vice president of Islamic Residential Financing for Devon Bank, discusses the financing options for Muslim Americans and how much his bank has grown from helping this underserved demographic.

Nov 13, 2022