HELPFUL GUIDANCE FOR COMMERCIAL PROPERTIES
Here at IjaraCDC, we want to be a part of your Islamic financing experience. That includes supplying a list of helpful guidance for commercial properties. We are always available to answer any and all of your questions about ijara mortgages.
That’s why were happy to supply some tips for Muslims looking to purchase a commercial property.
· Understand the market. Due diligence is part of making a successful and intelligent purchase. When it comes to commercial properties it’s important to take the time to understand the local market. Every market that you look at will have its own tax rates and inventory. Another consideration is the labor that’s available in any area you are considering.
· Of course it’s important to make sure that you can afford a big investment. That’s why getting a consulting and accounting professional is another high priority item. These are the professionals that can give you advice on important considerations like tax advantages and succession planning.
· Helpful guidance for commercial properties needs to include the Islamic angle. When it comes to financing any of these properties you want to make sure the product you choose is Sharia compliant. Preapproval will also need to include financial statements and some more traditional aspects.
· If you’re going to build on the property you choose, selecting good contractors is critical. For example, if you’re planning on building an enterprise in the food sector, you should choose a builder who understands that industry. Doing a credit check on any of the applicants is a good idea. Remember to look at a contractor’s financial background before you make any final decision.
Finally, once you have all the finances out of the way and have chosen a location, you want to plan your lay out carefully. When you’re looking at putting together a commercial enterprise, operational efficiency is a priority. If you’re a Muslim entrepreneur, our Islamic mortgage products are a nice addition to the guidance for commercial properties we have supplied here. Call us toll-free at 1-87-786-IJARA.