News article on how Muslims buy homes without conventional mortgages

Although the majority of Muslims in the USA purchase homes using conventional mortgages, a sizable portion chose to use modes that are more consistent with Islamic beliefs and practices.

This Newsday article discusses the topic of Islamic alternatives to mortgages, such as murabaha or "cost-plus", and banks offering them in the USA, such as HSBC Bank USA and Devon Bank.

It also features Rushdi Siddiqui, the manager of the Dow Jones Islamic Markets index.