From what I understand, Islamic financing of home loans is almost there same as a traditional fixed interest home loan, only the house is legally register to the bank and instead of calling it an be interest payment you can it an installment payment. At the end of the term of the loan the house is registered to the party.

This is a little different. You lease and get equity in real estate fund that you are required to contribute to. At the end of the lease you can move or cash out of the fund of you wish. You don't get the home.

This is so you can participate in the upside of owning a home without actually owning. This isn't a way to buy a house. It is a way to lease and still get the appreciation of ownership.