A Market Analysis, Survey of Providers and Comparative Study of the Methods Used to Offer Home Mortgages in the United States, Proposals to Popularize Islamic Mortgages in America, Challenges and Recommendations
The American Muslim Community has grown over the last 50 years. Its population is estimated to be 10 million and expected to expand to approximately 15 million by 2020 mainly through birth. The community has been endowed with a reservoir of highly qualified professionals, entrepreneurs, business executives, successful scholars and distinguished students. Most of the community members are compelled to violate one of the most basic requirements of their faith and that is dealing with interest; i.e. RIBA.
This free e-book is based on the practical experience gained by the authors in developing Islamic Banking and Financing services in the United States since 1986 through the founding of American Finance House –LARIBA, one of the older Islamic Financial institutions in the USA. Since inception of Islamic financing operations by American Finance House – LARIBA - in 1987, a wealth of in-depth knowledge of the market demand for ISLAMIC FINANCIAL products and services in the USA was accumulated. The authors have also been exposed to many challenges from the competition presented by the well developed, 600 year old and highly capitalizedRIBA (conventional) financial and banking system. It is believed that the ISLAMIC FINANCIAL system, as it develops and becomes more publicized and popularized, will be in great demand, not only by members of the Muslim community, but by people of all faiths in the community at large.
Download Free financial ebooks ISLAMIC HOME FINANCING IN THE UNITED STATES(19 pages pdf files, 199 Kb)
