Islamic Finance News You Can UseSeptember 25, 2019 at 10:37 pm
Using the Islamic finance products we supply a pathway to is a great way to get the keys to your own property. We are a nonprofit sharia structuring company that can help you realize your home ownership goals.
It’s important that we understand what’s going on in the industry. That’s why we always have an eye on the latest Islamic financing news. Here are just a few of the things we are keeping an eye on and why.
Indonesia is moving towards allowing more and more Islamic finance products. It’s a global movement that has already taken hold in the United States and Canada. In that Southeast Asian country, they’ve relaxed bank merger rules.
Small Banks Operating
As it stands now, there are over 1500 small banks operating in that country. A merger will allow the framework for Islamic financing to be consolidated . It’s the old too many chefs in the kitchen idea presently. With fewer banks they will be able to standardize how ijara mortgages and other sharia compliant products work.
The Ijara financing structure we use is easy to understand and use. It does a few things that you need. First and foremost, it saves you from riba by adhering to Islamic law.
Traditional Banking Values
It also folds into traditional banking values. This becomes important because after all you’re buying a home in the West. If you take a look at the how it works section on our website, you’ll get all the information you need.
Islamic Finance Growth
Islamic finance is growing internationally. The Islamic Financial Services Industry Stability Report 2019 has it expanding exponentially in 2018 over 2017. Islamic banking is at the center of this spike. In fact, it accounts for 75% of all the growth in the Islamic financing industry.
It’s important because Islamic banks are the vehicle for ijara mortgages and other sharia compliant products.
We make sure that we understand everything you need to know about Islamic finance. That way we are able to structure a mortgage framework that is easily understood. We provide these programs to everyone. Many non-Muslims have seen the benefit to avoiding usury.
In fact, North Americans looking for a socially responsible method to finance their home purchase turn to us.
Finally, there’s a new CEO at The Board of Mumtalakat, the sovereign wealth fund of Bahrain. Khalid Al Rumaihi is the new head of the sovereign wealth fund of Bahrain.
It’s more evidence about how big Islamic finance really is across the globe. Staying sharia compliant and investing in real estate don’t need to stand at opposite corners of the money ring. They can work together to provide socially conscious transactions that benefit everyone involved.
If you’re interested in finding out how Islamic finance can work for you, get in touch with us today. We’ll be happy to guide you through the process so you can stay sharia compliant.