Sharia Law Real Estate Closing

Erica Crohn Minchella

Practice Area:Real Estate

Outcome:Closed a transaction under Sharia

Description:Under Sharia, interest may not be charged or paid. Therefore the transaction is set up as a co-ownership between the occupant of the property and the party with the funds. Documentation is someone different than a conventional loan and certain aspects of conventional lending do not apply. Successfully closed transaction despite two prior attorneys having resigned or been fired.