When you see a name you recognize like Mufti Abdullah on one of our pages, of course you’ll be interested to know about the place Islamic scholars have with our company. IjaraTM is an Islamic Sharia Compliant Financing Method that offers support for those looking to buy a home or even renegotiate an existing mortgage.
As such, the products that we offer our customers including Ijara-wa-Iqtina or renting to own keep them free from riba. The whole process is simple and centers around creating a trust that purchases the property and then leases it to the customer.
Proud of the Products
We are proud that our products involve the CIHF process that has been approved by credible reputable Islamic scholars. Our Fatwa is available through a link on our website. Our sharia board is constantly updating and adding new members. The priority is to always maintain the highest levels of sharia compliance while helping our customers with mortgage products.
If you take a look at the history of this company, you’ll be able to see that our process has undergone several changes. We have taken direction from notable scholars and leaders like Mufti Abdullah. For those of you reading this who need a definition, we are happy to supply one for Mufti. These are considered Islamic jurists who are well qualified to issue what are considered opinions or Fatwas on different points of Sharia Law.
This process has been a central part of Islamic history. Now, with the modern appeal of Islamic finance, Muftis and Fatwas have taken on new roles.
For example, the aforementioned leader spoke at the Islamic Center in Richmond in 2009. You can watch the YouTube video by following this link.
The history of our process starts in 1995 with the very first Fatwa resulting in a Sharia Contract. You can see a list of those were who were involved in the approval and creation of this contract on our website.
Notable Scholars Like Mufti Abdullah
We’ve also put together a list of some of the notable scholars that have helped us fashion our process. Along with Mufti Abdullah, the names of the scholars we have conferred with include Mufti Muneer. He is presently directing a Muslim center in Mount Vernon.
Other noteworthy names include Dr. Ahmed Shleibak who has the great distinction of having a PhD in Jurisprudence and its Principles. He has taken the time to review our documentation and found that everything is sharia compliant.
It’s important that we provide our clients with sharia compliant options that will keep them free from riba. Of course that includes input from experts like Justice Taqi Usmani. We were especially proud to have input from this Islamic finance and law expert.
If you’re looking to learn more, we are always available to answer any of your questions. For example, many people ask us about the prequalification process that involves a lessee’s debts and income. Getting in touch with us is easy.