The ijara loan and some common household concerns.

That ijara loan doesn’t necessarily guarantee you a clear path to joyous home ownership. Ijara financing is the right way to stay Sharia Compliant but you need to look at a few of the other possible issues that can crop up and following are a few of the typical homeowner concerns you might come across.

• Maintenance. Looking after a home to protect the equity that you’re building up is an important aspect of new homeownership. Remember that you’ll need to look after regular repairs so it’s important to budget for that. You need to have an emergency fund on top of the credit that you can get your hands on to stay ahead of these issues as they crop up.
• Utilities. This is the one that most surprises the new homeowner . Remember that when you buy a home you assume the costs for all of the heating and water as well as the electricity. Here’s where buyers often think about a new home in that it has less costs and newer appliances.

Your ijara loan more than likely started you off on the right foot and made you start looking at your finances in a different manner.