About borrowing money to buy a house in Morocco?

Question

I know that a bank doesn't charge interest because it is against Islam. From what I understand they would purchase the house for the asking price and then sell it to the customer at a higher price thereby avoiding earning interest. I know that here in America when you buy a home you end up paying double or more for it by the time it is paid off. So can anyone give me an idea of what a house that cost for example $50,000 what would the price be to buy from the bank?

Answer 1

morocco isnt an islamic country. no shariah law there. they allow mornign after pill and abortions how is that islamic??

Answer 2

they do charge interest!

Answer 3

http://answers.yahoo.com/question/index;...

This is some information on what some banks do based on Shariah. Technically not Morocco but maybe somewhere to start.

best wishes