We have heard the word mortgage many a time, especially when buying something expensive or big like real estate. So there are many things we want to know about mortgage loans, like what exactly it is, how it works, what its types are, why it is needed, etc.

The following guide will provide all the necessary details regarding the mortgages.

When it comes to financing home loans, people have many queries related to interests and deposits. Many banks provide housing loans with minimum interest, but Uneek Homes halal mortgages prohibit interest and comply with Islamic Sharia law.

According to the Islamic tradition buying a property or any asset by fixed interest rate is considered to be a haram which means it is not legal in the Islamic religion to earn a profit on someone's earnings; thus, they have a different set of rules and principals whose foundations are based on sharia-compliant. Let us see what these rules are and how they work.