Lloyds offer 'Islamic mortgages'

In times of crisis becomes acute when it is ingenuity.

The British bank Lloyds TSB already offer mortgages that comply with Islamic law, which does not charge interest, considered usury by the practice Islam. In the 'Islamic mortgages', the bank buys the property and provides 90% of its value, while the rest is provided by the customer Muslim, who will pay the remainder within the agreed time and in the form of rent.

Another round of measures to get more juice to the entire mortgage market.

Written by Carlos Lopez on June 15, 2006 with 10 comments
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