Companies and banks making the offer

Banks and companies in France

There has not, to our knowledge of the job in France.

Banks and businesses abroad

Some Islamic banks provide facilities to their customers who wish to purchase a property:

In Great BritainThe bank IBB (Islamic Bank of Britain) offers an alternative to usury interresting.

Example:

The bank contributes to 60% in the financing of the property and the individual 40%. During a period of 30 years, payments will be made to the bank each month, such payments will correspond to the repurchase of shares of the bank in your home. Each payment has decreased the shares held by the bank.

The difference from a conventional loan will finance the bank will be acquiring the property for you.

In Malaysia Islamic finance represents 80%, Bank Islam has a little bit on the same principle than IBB method of financing with a repayment plan each month. The particularity of this offer is that the funding rates are going to further adding from 2% in the first year, 4% the second year to 6.2% in subsequent years (February 2010).

Finally, the bank offers a Takaful insurance with this type of loan, that do not or difficulty with the English banks.

 

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