They are either employing Qardawi Fatwa or it's community investment schemes like this one to bypass
"Do we really need the bank if we’re collectively investing and collectively creating wealth among all of us?”
nextcity.org
Star Finance's mortgage model cuts out banks and middle-men. It's based on the simple premise of recruiting 200 Somalis to each put up $2,500 to buy four homes in the city. Prospective homeowners will rent the houses to own from Star Finance
One thing i love about Somalis whether we are in the diaspora or back home it really seems we understand the importance of affordable housing and how it's a vehicle to eliminate poverty and increase economic mobility.
So you have in development these types of programs in Minnesota.
noloshadevelopment.com
The first community built from the ground up with a focus on public health and community wealth-building!
In ST cloud several community figures running on a platform focusing on making housing affordable
More than two decades since the first East African refugees settled in St. Cloud, some community members are seeking a more active role in government and politics. But their political views are varied.
www.mprnews.org
Daisane is endorsed by the DFL Party. He said he’s reaching out to all voters in his district, not just Somali Americans, and focusing on core issues such as education, health care and affordable housing.