Islamic or conventional mortgage — what's the difference?
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Answer: Islamic home finance (Ijara, Murabaha, Diminishing Musharakah) is structured as the bank sharing ownership or buying-and-leasing rather than lending at interest. Economically, the monthly cost is priced to be competitive with conventional loans.
In our verified set, Islamic banks’ advertised profit rates sit right alongside conventional rates (e.g. DIB 3.95% 3-yr). Choose on total package — pricing, fees, flexibility — and on personal preference; we compare across both.
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