Five Good Reasons To A Buy Home With Sharia Compliant Financing

Ijara Community Development Corp understands that finding the best way to fund real estate property for business or family can be overwhelming. That’s why we offer sharia-compliant financing that can help ease the process with some excellent alternatives.

Buying real estate is always a good investment. Even more so when the property you buy is riba free. Here are some other excellent reasons to purchase a place using our halal method.

You Can Build Equity

The equity that you have in any property you buy is the portion that belongs to you. There are several ways to build up this type of return.

• Making your mortgage payments on time helps. That includes any payments you make to the trust with the sharia-compliant financing model.
• You can also track the appreciation of your home from time to time to watch your equity build.

Remember that when you finally sell your house you can receive the amount you’ve built up in cash.

Homes Appreciate Over Time

Most homes that you buy will go up in value without you doing anything at all. Being careful about how much you pay and where you buy is important. For example, you can find out that the house you bought was built on a landfill and won’t appreciate much. The same goes for a house in a town where the major employer moves away.

Being careful about the sharia-compliant financing model you choose and where you buy your property makes a big difference.

Real Estate Is Stable

There’s a lot more to owning a house than just financial stability. Many people who buy properties gain a sense of belonging. That stability also extends to having a mortgage payment that’s the same every month. When you rent, your landlord can raise the money you need to pay each time you sign a new agreement.

There are several ways you can buy a house and be riba free.

• The ijara method allows you to rent a property and eventually own it. It involves creating a trust who purchases the property and leases it to a customer. There is a promise to purchase involved allowing the entire process to be sharia compliant.
• The Ethical Finance token is another method. This allows people to participate in lease-to-own transactions. There is an Ijara token and ethical token involved in this rent-to-own acquisition model.

Here’s the final reason you should consider buying a property with Sharia-compliant financing. If you plan on living in the area you choose for a length of time, buying is always better than renting. Buying a dream or retirement house helps you to put down roots.

It’s easier to raise a family and commit yourself to the community when you own the home. Don’t forget that both of the methods listed above help you to stay riba free.