Birdwatch Archive

Birdwatch Note Rating

2024-04-17 18:52:38 UTC - HELPFUL

Rated by Participant: 6C93AF11DDF082371C880B86CB9BF3604016FAD5B276BD88C8C0DCC81747DDB5
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Original Note:

“Halal” mortgages also charge interest but refer to interest rate as “profit rate” and are usually more expensive than conventional mortgages. Many Islamic scholars also believe that there is no such thing as a “halal” mortgage and the term is misleading. https://www.nerdwallet.com/ca/mortgages/what-is-a-halal-mortgage

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