Interest in Islamic mortgages unclear

AMSTERDAM (dpa) – The number of Muslims who would opt for an Islamic mortgage if it existed on the Dutch market is unclear, Rabobank spokesman Rene Loman told Deutsche-Presse Agentur dpa on Monday. Loman was responding to news Monday by the Amsterdam city board that it will ask the Dutch Finance Ministry to enable banks to offer its clients Islamic mortgages. Replying to questions by the city council’s Labour faction, the board said it is “unacceptable that a group of Dutch nationals would not be able to purchase a home.”