When Shereen Solaiman and her husband, Brandon Metzger, bought a home in Ypsilanti eight years ago, they had to make a difficult compromise.
Solaiman, who was born into Islam, and Metzger, who embraced the religion 13 years ago, took out a conventional mortgage that charged interest.
By many interpretations, Koranic law forbids the payment or receipt of interest on the theory it creates a culture of debt slavery, which begets other evils.
But when Soliaman and Metzger moved to Canton earlier this year, they found a new way to finance their house that didn't compromise their principles.
They obtained an Islamic mortgage that was in Sharia -- or compliance with Islamic law. In Islamic mortgages, an intermediary such as a bank buys the property, and the homeowner eventually obtains the home through a lease-to-own arrangement.
Stephen Ranzini, the president of University Bank President, said his bank has handed out more than 50 of these Islamic mortgages. Those loans totall a little more than $11 million. However, he also admits that the "we had to retool our systems and communications. We spent a lot of time with banking regulators to educate them about this. We had to get legal opinions ... It's considered pretty radical. It's expensive and time-consuming but ultimately, if it's the right thing to do, it's the right thing to do."