Interest Free | Muslim Link

Tagged: Interest Free

Islamic FinanceDec 21, 2018
Benefits of a Halal Interest-Free Employer Matched RRSP
When Mihami Shash started a new job, one of the benefits she was offered was the opportunity to participate in the company’s matched-RRSP (Registered Retirement Savings Plan) program. The company had set up a number of investment options that the employees could use to save for retirement and as an…
Islamic FinanceAug 15, 2018
Iana Financial Revives the Tradition of the Benevolent Loan
It's not often that God and financial services are mentioned together in one sentence but Iana Financial's mission statement is an exception: "Towards God-centred community financial services, for the common good." Since 2009, the Edmonton, Alberta based organization has provided interest-free…
Islamic FinanceJun 7, 2018
Beneficent: Empowerment Through Interest-Free Debt Relief
Despite the Islamic prohibition on interest or riba , many, if not most Muslims have credit cards. While it’s possible to use a credit card and never pay interest by paying off the full credit card balance each month, it doesn’t always work out this way. Any number of situations such as…
Islamic FinanceDec 20, 2016
Interest Free Home Ownership – How Does It Work?
One of the biggest challenges Muslims face when it comes to reconciling their faith with their finances is home ownership. With house prices starting in the hundreds of thousands of dollars, how is it possible to buy a house without borrowing money through an interest-based mortgage?

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