Five Excellent Reasons to Choose An Islamic Mortgage

An Islamic mortgage works with with sharia rules. There’s no interest.

Ijara Mortgages Are Riba Free

That’s a big reason to choose one. Sharia law doesn’t allow interest.

There are other great reasons to choose an Islamic mortgage.

They are Digital

They are socially responsible. Now, they are even digital. A new rent to own model uses cryptocurrency. Ethical Finance.co is a new company. It includes diversity and inclusion. The equity tokens homeowners get are theirs. They can hold onto these while walking away from their equity.

Here are some other reasons to choose an Islamic mortgage.

They Are Sharia Compliant

 The Ijara Community Development Corp has options. All are sharia compliant. They offer Islamic funding in Canada and America. There’s no riba with an Islamic mortgage from this company.

They have advantages like:

• Professional advice. From knowledgeable Islamic financing people.
• Rent-to-own payment choices. This is a halal path to equity without riba.
• Their online application process is easy to understand.

Here is some information on residential loan programs in America. Another good reason to choose one of these mortgages is they are simple.

An Islamic Mortgage is Easy To Understand

The digital version called Ethical Ijara is straightforward. There are two different crypto tokens. The first one is a reward for making all payments on time to the trust . Tenants can sell and buy these ijara tokens. There is an ethical token involved too. This one can be traded on different exchanges. Together they allow people to get involved in lease to own purchases.

They Attract non-Muslims

Non-Muslims see the advantages to Islamic mortgage products. They carry lower risks but people still profit. Non-Muslims who get involved can diversify their portfolios. Plus, they are participating in a socially just ownership plan.

Buying a home using Islamic financing has several other rewards.

• There are tax deductions. These include the interest paid on some expenses, your property taxes and your mortgage.
• The equity you earn becomes your savings.
• You will have a property that you can decorate any way you want.
• You will become a member of a community. It’s important to live in the same community for years.

Buying real estate is a great investment for your family. An Islamic mortgage will help you to stay sharia compliant. You won’t need to worry about riba. However you will be able to realize your dream of home ownership.

Get in touch with us today to learn more. Here is some contact info for halal digital products. We are always happy to answer all of your questions about Islamic mortgage products.