What is the Loan Term? - ijaraCDC

What is the Loan Term?

The Islamic Method that we’re using is Ijara- Wa-Iqtina or lease to own.

The term acts like a ‘reset’ button on a lease. When the term is up, you must renew the lease on the remaining principle, at a new rate available at the end of the term.
The fixed loan term: 1, 2, 3, 4, 5 years