Quote:
Originally Posted by EcoShan
and i think i spent 15 minutes in my post just to explain that u r not paying any interest, u r paying rent on ur house, and there is a 1000% difference in renting money and renting a house.
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call an interest payment eidi for all I care, its the same thing.
Fact is that you are buying the house and making a payment which increases your equity based on a schedule in that time period..thats what it is, and its the same in conventional or shariah compliant financing. call it whatever.