I was searching and found lariba financial company on google as giving out an islamic form of loan.
I know living in a non muslim country, there are so many things that cannot be avoided.
I myself use credit cards and previously have paid interest on car loan payments.
But that was a time when i could not avoid it. I did not have enough cash to buy even a used car and I never thought there was a possibilty of getting an islamic loan that would not count as paying interest.
I cannot buy a house on cash and am not sure if i keep saving I would have enough one day so I would have to resort to some kind of loan.
I am not completely sure of all the explanation given on the website of lariba caliming it to be an interest free and islamically correct.
I was just wondering what other people have done. On a forum there would be people with different religious commitments and just wanted to see how others have gone about it.
Did you search for other options than taking a loan from any bank.
Would like to know others input.
Also would like to know if even though I can find an option of a financial company such as Lariba, would it be ok if I still go ahead and take a loan from any other bank ?