Re: is this a trouble with some muslims or am I missing something?
Ya mirchi bhaiyun azizun
the thing is u r not paying any interest, and did u see the video where the chairman of Lariba explains its relationship to fennie freddie ???
neither u r paying Riba, nor Lariba is paying riba, fennie freddie has a riba business but in this case they are getting rent on the house which is decreasing every month.
U are neither giving interest nor taking interest, and same goes for Lariba. either u can chose to see the glass half full or half empty, full glass shows that u r promoting interest less mortgage and economy in a non muslim state and i salute the chairman of lariba to introduce this islamic system to freddie and fennie and it actually made sense to em that money can be made without taking interest.
i would repeat the samething again, ur retirement fund and unemployment insurance also is based on interest, ur car insurance is also based on interest, the benefits u get and ur kids get from government also come from interest money, but u r neither giving interest nor taking it, third party is doing everything and u have no control on it, ur transaction is totally halal without any interest