Picking A Home After Getting Ijarah Financing? Here Are A Few Things to Consider

The ijarah financing structure we offer fits in with traditional banking systems. Of course, getting an ijara mortgage through us means you will be safe from riba. If you are interested in buying a home, this leaves only a few more details for you to iron out.

At the top of the list is picking the kind of home you want. Here are some ideas for you to mull over. Hopefully, we can help you find the kind of house that’s perfect for you and your family.


This is where you own both the building and the land. It’s a common method of owing property   and the kind most people want. There are several advantages to this type of ownership. For example, under the freehold system, homeowners have the right to undertake renovations to the exterior of their house. Of course, there is a need to stay within the boundaries of municipal building regulations.

However, this type of homeownership gives you the most leeway. You are also able to make the kinds of interior renovations or extensions you want. What’s more, you can keep pets and rent out different sections of your home. It’s even possible in some cases to buy a share of the freehold.


This is the option where you own the building, but lease or rent the land. Generally, it doesn’t affect the kind of ijarah financing structure you use. Although it might not seem that way at first glance, there are distinct advantages to this type of homeownership. First and foremost, leasehold properties are generally less expensive than freehold ones.

Quite often, there are less repairs and maintenance required. This is a good option for people who need short-term accommodations. If the leasehold method interests you, you can explore the possibility of buying the property outright.

Ijarah financing Factors

Regardless of which type of ownership is right for you, there are some other factors to consider.

  • You should be careful selecting the neighborhood and area where you want to live. This is just as important as getting the right kind of ijara mortgage. Taking stock of your long-range goals can help. For example, if you are choosing a family home, you should look for a neighborhood with amenities for children. If you need to commute to work, finding a house close to public transportation and highways is a good idea.
  • The size of the property and home itself are also essential factors. If you intend to stay in the residence for five or 10 years, a little extra room doesn’t hurt. This is especially true if you are planning to start a family.

Sharia compliant mortgages are a viable alternative to the Western models that are available. We always recommend people look at our structure and ask any questions. We can also forward any documents you’d like to read regarding Ijarah financing. Get in touch with us today if you want to know more.

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