LOANS
mortgage
Conventional Loans
Conventional: In conventional loans, the bank lends borrowers money with an interest. Banks then earn a profit from the interest charged on the amount borrowed.
Islamic:
Benefits of using Conventional Loans
Does not need to conform to a ‘halal’ requirement
Any alterations to the terms of the finance would just need to be up-
stamped by the Loan Facility
Agreement.
If you default, restructuring or refinancing is an easier task.
The costs for early settlements, late payments, or defaults are more
transparent in the contract.
* Inflation :A general increase in prices and fall in the purchasing value of money.
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