Big News in Islamic FinanceNovember 14, 2019 at 9:49 am
There’s always something going on in the Islamic finance industry. On a smaller scale, we are always happy to help you purchase or refinance your home with Ijara structure. Our number one priority is continually simplifying the process for you.
We’re also a watchdog of sorts. That means that we are constantly looking for big news in Islamic finance to report to you. Seeing the big picture is part of understanding everything that’s going on with sharia compliant loans.
That said, here’s some of the interesting events we found recently.
- For the last decade, people watching sharia compliant markets have been waiting for expansion into Africa. According to a recent report, it looks like that time has finally come. Sovereign Sukuk issuances have been one of the tools used to bring these products to the African continent. There is a rising population of Muslims in Africa. Islamic banks are making moves in the digital space to create new opportunities for themselves.
- The UK is taking more steps to make sure that it stays what’s been called the western hub of Islamic finance. Sharia compliant bonds have just been issued. The London Stock exchange made its first move into sharia compliant products in 2007. Since that date, they have introduced 72 sharia compliant bonds. Last year was a record totaling 8.6bn.
- It would seem that Islamic finance isn’t catching on everywhere at once. For example, Indonesia has long been one of the top states for issuing Islamic bonds. However, recent reports say they are struggling to convince their private sector to join in. The result is a problem with liquidity in these secondary markets. One of the biggest challenges for Indonesia is trying to encourage the private sector to get involved with sharia financing structures.
It’s important to us to be your informational resource when it comes to Islamic finance. We want to be the only place you need to go to get everything you need.
We take great pleasure in helping you buy a home or even replace the mortgage you have presently. It’s important to us to be able to educate our clients about their Islamic finance choices.
The IjaraTM financing structure has several benefits for the practicing Muslim. Of course, it abides by Islamic law while saving you from Riba.
Folds into Western Banking Models
Not everyone knows that our Islamic financing structure folds into Western banking models. With our sharia compliant element, there’s no reason the two can’t work together. One of the other big advantages to our system is the cost. We go out of our way to make sure it is affordable and competitively priced.
One of the other advantages is the fact that we can ensure the transactions are safe. When you’re looking for Islamic finance options, we’ve covered all the bases.
Why not get in touch with us today? We’d be more than happy to guide you through the process of getting an ijara mortgage the right way.