None of them are free of interest. They all, like every other Islamic bank in the world, operate on the same principles as conventional banks, and just change the term "interest" to "profit" or "markup". There is not a single Islamic financial institution that truly operates according to the principles of Islam as they refuse to:dimbo888 said:are they halal and free of interest?
Here is a resource for you regarding Ijara Loans in the link below (look for Ijara Loans within the web page link. I have also pasted it here in both English and Arabic after the URL link):Someone1900 said:Hi NewCommer,
I am wondering if you have collected any information about this topic. I want to see how safe it is to buy house through Ijara Canada. My intend is to not deal in interest etc... Thanks