Archive for April 2020
Good prospects for Islamic leasing in Canada
According to the most recent 2016 census, Canada has 37 million inhabitants out of which over one million are Muslims. Due to the demand by Canadian Muslims for Shariah compliant products including Islamic leasing, the government is making inroads in this area. In early 2017, an Islamic leasing auto finance company, Amana Auto Finance Canada…
Read MoreHow Smart Homes Work with Islamic Finance
Once we’ve helped you to structure an Ijara loan that’s sharia compliant, you can turn your attention as a new homeowner to other things. For example, lots of clients ask us about what a smart home actually is. That’s why we’ve put together a blog to answer some of their questions. We thought it would…
Read MoreCOVID-19 Relief Programs
Link to us on facebook for more details as they become available Here is an outline of each program which should be enough to help you guide your clients through the different programs: Small Business Debt Relief Program- Eligible- 7a and 504 loans (not the PPP or Disaster loan)- CRE, business acquisition, etc… Purpose- SBA…
Read MoreHere’s Some Recent Islamic Finance News
With the recent COVID-19 pandemic racing around the globe, you might think the Islamic financing news recently would be glum. In fact, that’s not the case at all. Because we want to be sure to bring you all the latest Islamic financing news and angles, we’ve researched some developments. Here are some of the latest things we’ve…
Read MoreCOVID-19 and Islamic leasing
Since Islamic leasing is a fundamental aspect of the airline industry andalmost all Shariah compliant aircraft transactions are structured using Ijarah, the drop in airline passengers as well as the cancellation of flights due to COVID-19 is a cause for concern for the global Islamic leasing sector. The aircraft leasing transactions have the owner of…
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