Posts by Ijara Community Development Corp
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 Practices Sharia compliance forbids transactions and supporting industries forbidden by Islam. That includes those…
Read MoreThe 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…
Read MoreSaudi 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…
Read MoreWhat 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…
Read MoreHome 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!
Read MoreIslamic leasing assets looking good despite pandemic
Abu Dhabi Islamic Bank (ADIB) UK is trying to pave its way around the damages caused by the coronavirus pandemic by digitizing its services including Islamic leasing. This move comes after witnessing a surge indemand for digital services in the first part of 2020. Almost 60% of ADIB’s Islamic leasing and retail customers were using…
Read MoreKevin Mitnick’s 10 Rules for Stronger Passwords
Always use strong passwords on the internet. A strong password is one that is hard for someone else to guess. 1. Don’t tell your passwords to anyone, even tech support people who may ask you for them. Nobody should ask for your password, and you should never give your password to anyone. 2. Don’t use…
Read MoreLooking at Halal Investing? Here’s Some Ideas.
Islamic financing and Halal investing are catching on with Muslims and non-Muslims alike. There’s a social justice element that appeals to both religious and secular folks looking to invest their money. So, if you’re looking at Halal investing, we’ve come up with some ideas that can get you started. If you are interested in the stock market,…
Read MoreIslamic Loans and Buying A Home: Here’s a Handy Checklist
Buying a home using Islamic loans is still the biggest purchase you’ll probably ever make. We can help you by setting up a trust that will help you stay away from riba. However, sharia compliance is just one of the steps that you will need to take. Here’s a few other boxes to check before you get…
Read MoreSome great reasons to buy a home with islamic mortgage loans
As you more than likely know by now, buying a property with Islamic mortgage loans is one of the biggest investments you’ll make over a lifetime. Here’s a few great reasons to consider buying a home right now. This is still a great time to buy. Although the economy is recovering, using an Islamic finance loans to start out…
Read More