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The Times & The Sunday Times
The Times & The Sunday Times
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Islamic mortgages

The Times
The Times

Sir, Katherine Scholfield displays a shallow understanding of the significance of ownership and associated risks in financial transactions (letter, Sept 2).

A basic tenet of Sharia finance is that money can’t buy money. The only way for a lender to make profit is by sharing the risk and responsibility for the purchase.

ANDY FULFORD

afulford@consultant.com