Here how Ijara loans are like western style mortgages.

When you’ve made what’s going to be the biggest financial decision of your life, one of the first things that you’ll notice is there’s one fundamental meeting place between ijara loans and more traditional western style mortgages in that either one takes along time to pay down. Regardless of the one you choose you’ve made a big commitment and you need to be fully prepared for it. That means setting aside the month without fail and making sure that that you have the extra cash set aside for other emergencies as well. However, well before you actually sign for one of these ijara mortgage products you’ll need to be sure that you have your financial house in order so your application will be accepted.

That means you need to be sure your credit rating is in good shape and you can start by paying all your bills on time. Having the proper documentation ready to go is another prerequisite. The lender that you choose regardless of whether you have ijara loans or another type will want to know where you’ve lived over the last several years.