Hamilton · News · Sharia in NZ

Home finance company targets Islamic market

Hamilton businessman Abdullahi Dayib, has set up his own company, Al-Haramain Islamic Finance, to offer New Zealand’s first Islamic “mortgages”. He is a Muslim, whose religion bars conventional borrowing with interest payments, the Wall Street Journal reports. Mr Dayib, who is Somali-born, said shariah, or Islamic law, deemed the payment or receipt of interest –… Continue reading Home finance company targets Islamic market