|Home | Articles | News | Blog | About | Mailing List | Resources | Prominent Islamists | Middle East Forum | Keep Us Informed | Donate|
Apartments, Islamic museum to be built on site of failed Ground Zero Mosque
by Lois Weiss
The developer of the failed Ground Zero Mosque has nailed down "Sharia-compliant financing" for a new, luxury condominium tower and Islamic cultural museum on the same site, he and his banking partners said Wednesday.
The $174 million dollar project features a three-story Islamic cultural museum at 51 Park Place and 48 high-end residential condos in a 43-story tower at 45 Park Place in the Financial District.
The "Sharia-compliant" financing means the deal complies with complex Islamic laws that govern lending and borrowing, including a prohibition against accepting interest or fees for loans.
Note: The content of external articles does not necessarily reflect the views of Islamist Watch.