We discuss the common arguments against Islamic mortgages.

A technical point to note on the insurance point: We are aware that Islamic banks technically do accept the tenant to pass the price of the insurance back on to them (and for them to then pass that payment back to the tenant via price), but for practicality's sake we didn't get into this convoluted back-and-forth in the video.


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TIMESTAMPS
01:26 - What is an Islamic Mortgage?
03:15 - Islamic mortgages are too expensive
07:33 - They use LIBOR
10:23 - Islamic banks just swap "interest" with "profit" in the legal agreements
12:59 - Islamic banks don't take ownership risk
14:09 - LIBOR rent is uncertain
15:19 - Islamic banks don't share in the downside
16:28 - Islamic mortgages are a case of two contracts in one
17:47 - Concluding thoughts


Who are we:
We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances.

Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.

We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: https://www.islamicfinanceguru.com/ab...

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