Here’s Everything You Need To Know About Riba

There are several complicated Arabic terms used in Islamic financing. Although it changes depending on different situations, riba is usually defined as interest. Here’s a few things that you should know about how this term applies to mortgages, loans and other business applications. Taken literally, it means either growth or increase. However, when it comes…

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Good Reasons To Choose Islamic Finance

Islamic finance works through the traditional models globally. Over the years, sharia compliant financing products have grown so the market is worth over 3.5 trillion dollars. Here are some good reasons to choose this model to finance your mortgage. It Reduces Harmful Practises Sharia compliance forbids transactions and supporting industries forbidden by Islam. That includes…

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The ABC’s of Ijara Mortgages

Understanding how ijara mortgages work is important. The word itself means rent in Arabic. Although this type of mortgage is similar to a conventional rent-to-own style, there are sharia compliant differences. You need to deal with Gharar and what that terms means. It means, risk or chance, hazard or uncertainty. Any kind of mortgage that…

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Saudi Arabia and Switzerland Join Islamic Leasing Forces

SEDCO Capital,  Saudi Arabia’s financial organization, has partnered with Switzerland’s Lombard Odier. They have put together  a new environmental, social and governance-related (ESG) fund. It will affect Islamic leasing. The new fund will be Sharia compliant. It will employ a multifactor, systematic and pragmatic approach aligning sharia compliant investments and sustainability ideas. The idea is…

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What You Need to Know about the United States Postal Service® Plan to Achieve Financial Sustainability and Service Excellence

Effective yesterday, the United States Postal Service is implementing new service standards for First-Class Mail and periodicals.  This may increase delivery times of First-Class Mail by 1 or 2 days.  The fact sheet published by USPS regarding this change can be found here. Keep in mind that mail you are sending out or receiving may be…

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Home Maintenance Made Easy

Your home maintenance is just as essential as your regular check-up. Don’t forget to have a routine check on your plumbing, roof, security,  electrical systems, appliances, and such to help you prevent massive repairs, save money, and keep your home in good shape!

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