Got Sharia Compliant Financing For Your Business? Now You Need To Watch Out For Cyberattacks
When you use our IjaraTM Home Financing Program, you’re getting the benefit of Sharia compliant financing. An international board of Sharia scholars created it. The system we’ve developed has been available since 1996. This program is in accordance with Islamic finance guidelines and both Gharar and riba.
It works for both residential and commercial properties. If you’re starting a business, we can help. This kind of Islamic finance is important for spiritual concerns. However, being riba free doesn’t mean your business is totally safe.
Ecommerce or Brick and Mortar
If you have an e-commerce store or a brick-and-mortar business with a digital presence, you also need to be concerned about cyberattacks.
Here’s a few tips on taking these risks seriously and adopting the right measures to defend against them.
First off, there are several different types you need to be aware of including:
- Ransomware. Hackers lock your data down and hold it hostage until you pay the ransom.
- Malware. This is software that accesses computers without authorization. It damages data.
- Phishing attacks target company insiders or unsuspecting employees. This type of cyberattack usually steals passwords and other important information.
One of the goals of our sharia compliant financing structure is to create an interest-free formula. To keep our customers free from usury and riba, an independent trust holds the title. Depending on the individual’s choice, the lease can last for 10, 15, 20 or even 30 years. At the end of the predetermined lease period, the title is transferred.
Islamic Finance Tools
Keeping you safe from interest with these Islamic finance tools is the goal. Here’s some more about how to protect your business from cyberattacks.
- Identifying the risks is the first step. Take a look at your company and find out what your most valuable assets are. Then find out what the potential threats are you might be facing. For example, is your current cybersecurity updated? Do you have all the latest patches? Are these being applied to keep valuable information like customer credit card information safe?
- Training your staff is important. Developing your employees’ skills can be time-consuming. Asking for short-term help from a specialist or consultant may be a quicker course of action.
- Cybersecurity is quite often a moving target. That means you’ll need to constantly improve and monitor the software you have or hire a service provider who can look after your network.
Ijara Community Development Corporation (IjaraCDC) is a Sharia compliant financing company promoting our Ijara Islamic finance method. The number one priority is providing proper financial options to consumers who have ethical or religious aversion to any interest paid on commercial or residential loans.
We have the experience you’re looking for if you need a trustworthy partner who can help you make critical decisions abiding by Islamic laws. There’s a lot of valuable information on our website. If you don’t find what you need, get in touch with us and we’ll be happy to answer your questions.
