Finance individuals

My mortgage

Buying a property is in 90% of cases through the application of a mortgage to your bank. Conventional mortgages have an ownership interest which is not consistent with the principles of Sharia.

Many Muslims choose not to invest in real estate because they can't get a loan halal. Furthermore, when questioning Muslims resident in England, they indicate that if the banks offer halal mortgages, they must be combined with takaful insurance that are difficult to obtain. Often, the investment project block at this level.

We must therefore combine several contracts and financial products to be able to respond to a request for funding.

Financing example

TheIjara wa 'iktina combined with a contract decreasing mucharaka allows, in the United Kingdom, to provide a financing offer to private property.

The buyer gets a mucharaka decreasing to buy his property. The bank hired out the part that belongs to the period necessary to repay its debt.

The monthly payment includes the rent and the share repurchase of the property. It is important to understand that the property remains the property of the bank for the duration of the lease.

Financing offer

Unfortunately, there is still no offe in mortgage financing in France today.

 

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