Ijara loans and the size of the home you’ll need
Looking after the financial angle of homeownership is about ijara loans, but of course there are lots more to the entire package than just the money end. Of course an ijara mortgage will keep you Sharia compliant and riba free, but you need to decide what kind of home you’re actually looking for before you call an agent to take you out to start looking. One of the first things that you need to look at is how long you plan on staying. Remember the things that you’re looking for in a new home will be very different if you plan on staying or have decided to sell it for profit as soon as possible. For example, if you’re just starting out and planning to have children you’ll need a different space than a couple that’s on the verge of retirement. It’s a good idea to make a list of your current priorities as well as your expected future needs when you’re trying to nail down how much space is best. Here’s another tip that will prove as helpful as those ijara loans.
Prioritizing what you really can’t budge on and what you’d like to have but can do without is a great way to keep any list that you’ve been putting together ordered.