How To Define Islamic Mortgage?
Mortgage to avoid paying interest or taking interest which is prohibited by Islamic law.
Literal Meanings of Islamic Mortgage
Meanings of Islamic:
Related to Islam.
Sentences of Islamic
Meanings of Mortgage:
Transfer (assets) to lenders as collateral.
A legal arrangement in which a bank or other lender lends money to the borrower in return for interest, provided that the transfer of ownership is reversed after the loan is repaid.
Sentences of Mortgage
The farm is in mortgage
I deposited one lakh cash and took out a mortgage from the rest
Synonyms of Mortgage
put up as collateral, ■■■■, mortgage, advance, credit, guarantee