ijara financing and some reasons to stay put

It doesn’t matter how much you love your home, one of the things that you’ll need to get used to is the fact that you and your family will always have ever-changing needs. Of course ijara financing is always available with a variety of different ijara loan products, but there are certain instances where it’s better to stay in the home you’re currently in than move. For example,

• If you can see your way to renovating and have the money to pull the job off properly it’s often better to stay in your house than move away. It’s a good idea if you love the neighborhood you’re in to consider building an addition.
• Similarly, if your finances are a little shaky you’re better off not making any big moves where real estate is concerned. If you’re faced with a mountain of debt in the home you are currently in, you should back off any thoughts of trying to upgrade until you bring everything into financial perspective.

Remember even with an ijara loan backing you up so you are Sharia compliant, nothing is more stressful than trying to move when you’re on shaky financial ground. You can get even more solid information from our Glossary section about ijara financing.