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The Colorful Heritage of Cape Town’s Bo-Kaap Neighborhood
In the Islamic world in recent years, “Islamic finance” operating in accordance with religious norms has flourished. Such financial institution loans do not charge interest and are invested in accordance with Shariah principles. In addition to religious reasons, many Muslims also give priority to financing through this method when buying a house because of the interest-free benefits. There are also many “Shariah housing” products in the real estate market, and the process from house design to purchase is carried out in accordance with Shariah principles. South Africa is not an Islamic country, but has a Muslim population of more than 800,000. A large South African bank has also launched an…