Setting up a Company that provides Interest-Free Mortgages
As-Salamu `alaykum. I have been thinking to set up a company where I can provide interest-free mortgages to the Muslim Ummah. I have spoken to some people and they told me it would only work if a house could be bought for the lender and then rent it to him till he pays up the whole loan. Obviously, I need to look into the future value of the property and also I would like to make money so I can help other people. Could you please guide me, how this type of system can work in the west so I can start something quickly. I know there are so many needy people out there and I would like to help them.