no, the bank is still making money somehow. they can't offer a true 0% interest loan.
I thought the same thing until I reread the article. They are making lease payments and a portion is set aside to a 'savings account' to purchase the home. So the other portion of the lease money is going where? To the bank.
The bank has to find a profitable way to do this or is the money going to Islam?
thats my point
there is no such thing as a free lunch
if there is no interest, then they hit you hard on fees or some other compensatory charge. being a bank its charges.