Thursday, July 16, 2015
Seattle Mayor Recommends Increasing Access To Sharia-Compliant Housing Loans
According to yesterday's Puget Sound Business Journal, a committee appointed by Seattle (WA) Mayor Ed Murray to come up with recommendations for increasing housing in Seattle has released its report. One of its recommendations is to find ways to increase access to Sharia-compliant housing loans. It is estimated that some 200 people are not borrowing to buy houses because of the unavailability of loans structured to avoid the interest prohibitions of Islamic law.