This is driving me crazy lately. I finally managed to put a little bit of money aside. I would like to purchase a property in the near future as I can't continue spending 40-60% of my income on rent.
Firstly my saving will be -5.5% per year due to zakat and inflation.
Then when it comes to buying a property the Islamic banks are charging base rate + 4.99% while the common high street interest charging banks are doing base rate + 2-3%
Brothers and Sisters living in the West how do you deal with issues like these
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from Islam http://ift.tt/2FusYVy
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