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Islamic Financing for Mosques

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    Islamic Financing for Mosques

    There are number of muslim associations in north eastern USA raising funds for mosques for years. There are fundraisers every year and at the end of the year the funds are not enough. So the process goes on with out any real progress for building those centers and mosques. So my first question is, why they donít seek help from all those Islamic Banks, in Europe middle east and US. Since they claim they are Shria compliance.

    The second question is if financing is a no no for mosques then how come its ok for any thing else like loans, leasing & buying cars, homes, and business?
    بِن دانا پانی میں جی لواں
    بِن انَک میں جی نہ سکاں

    #2
    If mosques were to build by financing from those Islamic finance institutions, how do you think they'll repay the loan? There is no "revenue" generation in any mosque/centre, they are almost always behind in finances. Financing always comes with some benefits to the financer.

    When you finance the construction of a mosque, you place additional burden of 'profit' (to financer) on individuals who contribute towards construction of the mosque.

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    May Allah SWT guide us all towards right and help us follow the right

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