ISRAEL HALAL MORTGAGE ISRAEL ISLAMIC LOAN 2024 ISRAEL ISLAMIC FINANCE ISRAELI ISLAMIC BANK WITH NO RIBA WITHOUT INTEREST כספים איסלאמיים בנק ערבי איסלמי
In Israel, an Islamic loan in 2024 is by definition an Israeli Halal funding option provided by a foreign or Israeli Islamic bank that covers the Ethical financial needs of the Israeli Muslim community who aspire to be Sharia compliant by not paying interests (Riba) when borrowing money within Islamic Finance.
In Israel, the Islamic loan aims to make Ethical lending that follows the principles of Islamic Sharia accessible to Israel Muslim community but also to non-Muslim and offering them Halal banking products and services such as Islamic personal loan, Halal car loan or leasing and Islamic mortgage.
In Israel, the halal mortgage helps Israel Muslim future property owners to acquire an Israeli house or flat by borrowing cash from an Islamic bank that lend halala money without charging any Riba (interests) as banned by Islamic Finance.
In Israel, the Islamic loan in 2024 can be obtained through a good number of Islamic banks to serve a growing Israeli Muslim population estimated at 1.7 million (or 20 % of the total residents, in addition non-Israeli Islamic banks are applying for bank licenses to establish their presence and provide with Islamic finance products בנק ערבי איסלמי (כספים איסלאמיים) .