How Smart Homes Work with Islamic Finance

Once we’ve helped you to structure an Ijara loan that’s sharia compliant, you can turn your attention as a new homeowner to other things. For example, lots of clients ask us about what a smart home actually is.

That’s why we’ve put together a blog to answer some of their questions.

We thought it would be best to fashion a clear definition at first. It’s the same transparent way that we will structure your Islamic finance loan. The IjaraTM Home Financing Program we have for you is sharia compliant and keeps you free from riba.

This same kind of innovation and attention to detail goes into a smart home. One of these uses modern devices that are connected to the Internet. Many of them manage and monitor different systems and appliances like heating and lighting remotely.

A Clear Picture

The best way to give you a clear picture is by example. The Amazon Echo is a speaker that uses Amazon’s handy voice assistant called Alexa. You can use it to control many of the gadgets in your house that can be hooked up to this technology.

Your television is another example. There are many smart TVs on the market today that can connect to the Internet. Some versions even work with a voice command or gesture. Smart lighting systems are another example. Some of these can even detect when someone is in the room and turn on automatically.

Islamic Finance: Simple With Our APP!!

We might not be able to outfit your whole home with smart appliances, but that doesn’t mean we can’t do our part. Why not take a few minutes to have a good look at our absolutely free app? There is no registration required and you can get it at the App store or on Google play. Ijara360 is free and it acts as an informational resource for Islamic finances and loans.

Remember that the smart home technology discussed here also applies to small businesses. Staying on top of this trend means you will save energy so any investment pays for itself quickly. Here are just a few smart tech options that can bump up your bottom line if you’re a small business.

• Smart doorbells are an excellent investment for SMB’s. You’ll be able to see who’s about to enter your shop from inside. These are a great innovation for appointment based businesses and other enterprises like jewelry shops.
• Smart locks are an excellent investment if you have a number of contractors or employees that come and go at different times. This is an outstanding access only feature. Best of all is the fact that you can set up anyone with their own individual code. Keyless locks are considered the best security but swipe cards work too.
• Every small business should also consider having smart lighting. This can make a huge difference in your energy costs. Motion sensors and LED bulbs are just a few of the features possible.

Whether you are adopting these technologies for the home or office, remember to use Islamic finance to stay sharia compliant