Do most retirees have their home paid off?
Muslims in the U.S. can access "halal" or Shariah-compliant financing that avoids traditional interest payments. Because Islamic finance prohibits riba (interest), various institutions offer alternatives such as co-ownership models, asset-backed financing, and risk-sharing arrangements. In these structures, rather than the bank lending money at interest, the financier and the homebuyer enter an agreement to co-own the property, with the buyer gradually acquiring full ownership through monthly payments that fulfill the financial obligation without violating religious tenets. These options are increasingly available, allowing practitioners to adhere to their faith while participating in the U.S. housing market.
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