Conventional vs. Islamic? Fixed vs. Variable? What is Right for You?
In the UAE, buyers can choose between conventional mortgages (interest-based) or Islamic mortgages (Sharia-compliant financing). Conventional Mortgages (Traditional Home Loans) Example: You borrow AED 1M at 4.5% interest over 25 years. You repay the bank in monthly installments that include the principal + interest. Islamic Mortgages (Sharia-Compliant) Which One Should You Choose? Key Factors to […]