Islamic Loans and Seniors’ Housing Tips - ijaraCDC

Islamic Loans and Seniors’ Housing Tips

Seniors looking for a home and wishing to stay sharia compliant can take advantage of our Islamic loans products. We offer lots of advice and help including an easy to understand overview of your lease to own options as an older Muslim.

There are a wide variety of different options available. Seniors looking for housing have a large range of options that meet a variety of health needs, preferences and budgets. Taking a few minutes to understand what all these various options are can make all the difference.

Current Situation

You can start by putting together an idea of what you are looking for. Quite often seniors need to look at both their current situation and what they will be needing in the near future. For example, some older Muslims should consider downsizing their present living arrangements if they can’t get around their current residence or their health is changing.

If you’re thinking about moving, there are a few notions that work with Islamic loans. You should consider some of the following questions:

  • How much will you be able to spend in your new location? It’s a good idea to consider more than just the housing expenses here. Take your time and put together an overview of everything that you need to pay money for. Remember, your Islamic loans need to include factors like home maintenance as well as property tax and utilities.
  • After that, it’s a good idea to put together a list of those things you can’t do without. After all, you’ve more than likely worked to lifetime towards having a nest egg and a nice retirement. Putting together a list of things that you will need like a main floor laundry in some circumstances or smaller yard is your right as a senior.
  • It’s also a good idea to jot down the kinds of facilities and services that you want to be around. If you’re like a lot of senior citizens, you might not want to travel long distances to get your food and attend doctor’s appointments. For practicing Muslims, there’s always the question of the closest mosque.
  • It’s good to put together all the details. That includes convenient access to any public transit. Although you might be getting around fine on your own presently, as a senior it’s quite often a good idea to plan to be close to streetcars and buses for the future.

Of course, looking after the spiritual side of your golden years is very important. That’s why we consider ourselves experts in helping you through any of your Islamic loans requirements. Ijara Community Development Corporation (IjaraCDC) can help you if you’re looking to buy a home and stay sharia compliant. Even if you’re looking to replace an existing mortgage we can be of assistance. Getting in touch with us is easy and we’re always interested in helping our senior population with Islamic loans and any other information they need.