Precisely! And they're multi-decade shackles in the dunya. I have so many friends who got into 25-year mortgages, and they periodically renovate their homes too to accommodate to life changes.
Why? I can pay exactly for what I need in a rental, and if I need to a different place, I find it, rent it, move to it. It cost more maybe in the short term, but with buying bitcoin instead of paying mortgage, I can end up with both wealth and a home eventually.
Yeah, not a fan of those "halal" mortgage companies. That stuff is s death sentence
It'd be great if at least they made a effort to "halalify" the loan; however superficial this halalification is. Most people here just got with your run-of-the-mill banks. Of course, the banks claim halal loans by rubber-stamp fatwa from a known sheikh.
I wish one day to be a fly-on-the-wall in a meeting with such sheikh, and I wanna see the mental gymnastics the bank plays to convince the sheikh that their product is halal. 😂
