Dr. Monzer Kahf, a prominent economist and counselor states: It seems that the Fatwa of the Second International Fiqh Conference, Detroit 1999, applies to this case. The Fatwa’s essence is: Muslims families in North America who need housing for reasons of accommodating members of the family, especially number of children, education, schooling, environment and neighbourhood and financial and tax elements and who don’t find Islamically permissible contracts to finance buying their residence home for any reason, are permissible to go for conventional mortgage because decent housing is an essential need to every Muslim family and such needs apply to all Muslims in North America.”