How hard is it to own property in the west?

[nine]

What about this buy a home in the west,use it to get loans(although it has ribba)to invest back home?then if you decide to move back home you can sell the property which will be worth more money since you bought it lets say 10 years ago,or you can rent it make money and own property in the west which your kids and grandkids can profit from?

Never touch anything called a loan in the west @AussieHustler

 

[esmailxxx]

Never touch anything called a loan in the west @AussieHustler

Ribbah is a problem

 

[AussieHustler]

Never touch anything called a loan in the west @AussieHustler

nine

Too late Sxb. Right now, I’m drowning on it, but I believe that I will safely swim out of it.

 

[AussieHustler]

Ribbah is a problem

esmail

I pay less for my loans than halal mortgages which the interest rates have been rebranded by other fancy names like rent and charges. This rent is way above the market rentals and these clients pay more over the lifespan of their mortgage than a variable interest rates (RIBA) that I and others pay over the same period. The spirit of banning “Ribbah” was the exploitation of the poor by charging them exorbitant amounts on their loans. Crazy world.

 

[esmailxxx]

The spirit of banning “Ribbah” was the exploitation of the poor by charging them exorbitant amounts on their loans. Crazy world.

Yeah islamic banks have charges instead,i dont have enough info on both to argue which one is better,there is a whole field about islamic finance that take years to study like any other discipline
What the precentage of your interest?is it the same in all banks in austra(i wouldnt think so)
Are their any islamic banks there

 

[AussieHustler]

Yeah islamic banks have charges instead,i dont have enough info on both to argue which one is better,there is a whole field about islamic finance that take years to study like any other discipline
What the precentage of your interest?is it the same in all banks in austra(i wouldnt think so)
Are their any islamic banks there

esmail

My variable rates are 4.1% and just today, my bank announced a hike of 0.14% . Plenty of Islamic lenders here, all banks (local and foreign including Kuwait Bank) have Islamic Banking arms. It’s more profitable than the traditional riba (interest rates) based lendings.

 

[esmailxxx]

It’s more profitable than the traditional riba (interest rates) based lendings.

The percentage of the loan they charge?

 

[AussieHustler]

The percentage of the loan they charge?

esmail

No percentages will be discussed with the client in the Islamic lending, it would look like and smell like riba. But internal bank procedures and calculations, yes. Different amounts of loans attract different amounts of rent.

 

[nine]

esmail

My variable rates are 4.1% and just today, my bank announced a hike of 0.14% . Plenty of Islamic lenders here, all banks (local and foreign including Kuwait Bank) have Islamic Banking arms. It’s more profitable than the traditional riba (interest rates) based lendings.

I was always suspicious of those so called Islamic banks. I never believe their bullshit about so called interest free loans

 

[Shushue]

Our parents could’ve bought property but we won’t

 

[Mercury]

In my opinion its better to invest in houses back home thats What Im doing

 

[Zach]

how hard is it to own an apartment,a building,or some land
Beside from money is there anyother reason its difficult?like the gov or racism or anything else?

In Germany it’s not that hard, if you have study job and don’t care for zina (because interest is considered haram) you good. You just make a plan with your bank and get the money and there you go.
My parents put the money for our hours in separate bank account and saved it for years and then bought a house

 

[VixR]

Never touch anything called a loan in the west @AussieHustler

We’re all sinners, eh? Muslims commit other haram, like scamming assistance which stifles and confines you, but shy away from something like riba that could propel them. I never understood this.

 

[Emily]

It’s cheaper to buy a house than to rent in Washington.
Build your damn credit scores

 

[Zach]

We’re all sinners, eh? Muslims commit other haram, like scamming assistance which stifles and confines you, but shy away from something like riba that could propel them. I never understood this.

Speak for yourself.

 

[VixR]

Speak for yourself.

OK dee I sin alone

 

[SWarsame]

Anything is possible,

It is hard for us due to us not taking interest, you would have to be earning a lot of money to buy outright. To go into mortgage is basically selling your soul.

 

[Cambuulo Tonight]

esmail

I pay less for my loans than halal mortgages which the interest rates have been rebranded by other fancy names like rent and charges. This rent is way above the market rentals and these clients pay more over the lifespan of their mortgage than a variable interest rates (RIBA) that I and others pay over the same period. The spirit of banning “Ribbah” was the exploitation of the poor by charging them exorbitant amounts on their loans. Crazy world.

Islamic banks are scams running their businesses on backdoor ribah.

They're far less 'ethical' than your average 'kafir' banks.

 

[Zach]

OK dee I sin alone

I didn’t say you’re the only sinner but we are not all sinners. The prophet himself cursed the person who eat and pays riba. So why be cursed by the prophet if you can go around it and save your money

 

[Zach]

Islamic banks are scams running their businesses on backdoor ribah.

They're far less 'ethical' than your average 'kafir' banks.

But you don’t commit a sin by taking their loans. Because they advertise that they don’t charge riba, what they do behind close doors is not your concern