The rising Muslim population in the USA has fuelled an increase in the domestic demand for ' ' finance. One of the prominent restrictions that imposes on financial practices is a prohibition on the payment and collection of "riba", interest on loans. This paper examines the home financing models of three prominent Islamic financial institutions. It identifies the transaction models that these institutions use, explains the differences among these models and illustrates how each institution 'sells' its chosen approach to the public. Copyright (c) 2009 The Authors. Journal compilation (c) Institute of Economic Affairs 2009. Published by Blackwell Publishing, Oxford.
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Article provided by Blackwell Publishing in its journal Economic Affairs.