A good friend of mine wants to buy a property, but needs to take out a loan. The issue is however, there does not seem to be any Islamic financing available here in Singapore. Any thoughts on what is the best way to do this (using CPF etc.). Buying the property helps him with his citizenship application as well, which is another important factor to him.
A good friend of mine wants to buy a property, but needs to take out a loan. The issue is however, there does not seem to be any Islamic financing available here in Singapore. Any thoughts on what is the best way to do this (using CPF etc.). Buying the property helps him with his citizenship application as well, which is another important factor to him.
05Feb
Involving in any type of RIBA (Interest) is forbidden.
A good friend of mine wants to buy a property, but needs to take out a loan. The issue is however, there does not seem to be any Islamic financing available here in Singapore. Any thoughts on what is the best way to do this (using CPF etc.). Buying the property helps him with his citizenship application as well, which is another important factor to him.