Seattle’s local governing authorities are pressing forward with a plan to give Muslims with Sharia-compliant beliefs a financial option to buy homes. The idea comes in recognition of the current purchasing and financing laws that Muslims say lock them out of home buying, due to their Sharia principles.
“We will work to develop new tools for Muslims who are prevented from using conventional mortgage products due to their religious beliefs,” said Seattle Mayor Ed Murry, at a recent press conference, Fox News reported. The facet of home financing that Sharia-compliant Muslims can’t abide? The payment of interest, Fox News said. And that means about 30,000 Muslims in the Seattle area who follow what the Quran calls “the right way” aren’t able to participate in the banking loan process – because interest is the primary way lenders earn money. MORE