New Zealand’s Property Market Offers Few Entry Points for Muslim Migrants

📆 2022-04-01 13:30:00
📰 WSJ

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Its reputation for tolerance beckons migrants, but a lack of Islamic finance can put homeownership out of reach

Its reputation for tolerance beckons migrants, but lack of Islamic finance can put homeownership out of reach

Niyaaz Sayed can’t finance a home purchase with a bank mortgage because paying interest contradicts his Muslim faith, leaving him almost no other option in New Zealand but to rent.WELLINGTON, New Zealand—As New Zealand house prices surged,’s prospects of owning a home in the country he migrated to nearly two decades ago have become vanishingly small.

Mr. Sayed, a devout Muslim, says he would not buy a home using a bank mortgage because paying interest goes against an important tenet of his faith. That leaves him and his family with almost no option but to permanently rent in New Zealand, where the

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IN ITALIANO : 01.04.2022 CARO homo sapiens sapiens E' GARANTITO AL LIMONE CHE l' energia intelligente del nostro universo per il 3 % corrispondente alla COSCIENZA HA 'FORATO' LO SPAZIO TEMPO detenuto dalla SUBCOSCIENZA ! LA MATEMATICA E LA NUOVA FISICA PUO' COSTATARLO !

idk maybe don't move there then?

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