Posted by: islamicfinancingnews | November 15, 2014

Some great tips for researching ijara loans

When you first start looking online you’ll see there are lots of different ijara loans products out there and many different companies that are trying to sell you the one they think fits your budget and needs. Even if you live in America’s neighbour to the North , you’ll find a bunch of different ijara Canada products to sort through. In fact, there are so many you’ll need a few benchmarks to help you narrow down the choices you have.

Look for ijara loans that:

  • Have clear and easy to understand explanations of their processes. The best companies will include a glossary on their websites so you’ll be able to look up any confusing terms and explanations of the concepts involved like Sharia Law. These websites should act like a library where you can get the information you need to make an informed decision.
  • Are flexible in that you can use the products offered to buy various things like commercial or residential properties.

Finally they need to have excellent contact information as well. Gone are the days where you can get by with just an email address. To buy modern ijara Canada products, you should look for and expect to see a customer support telephone number and even snail mail address included in the Contact Page.

 

Posted by: islamicfinancingnews | November 14, 2014

Ijara mortgage decisions that affect the size of your new home

You start on the path to a new home by looking at the financial end that incorporates  the ijara mortgage. Of course you’ll want to be careful about the ijara financing product you choose to stay clear from riba and Sharia compliant, but there are other decisions you need to make that are equally important.  These are the choices that you’ll arrive at that will help you to decide on the size of the house you pick.

Here’s a few considerations to work through.

  • What does the future look like? There might only be two of you now that you’ve just got married and are looking for a nest of you own, but you should consider the size of the family you want. Keeping in mind that moving before you’ve had enough time to build up some equity can put you behind financially, you might want to purchase  place with an extra room now for that new arrival that’s yet to be discussed.
  • How secure is your job? Although things are improving across the country, you need to be realistic about the security of your job before you spend on that dream home over the less complicated smaller abode.

Regardless of the size of the house you pick, you’ll be able to choose an ijara mortgage to help you along.

Posted by: islamicfinancingnews | November 10, 2014

Make sure your ijara mortgage has the right conditions

A Western style mortgage and an ijara mortgage differ in some fundamental ways but there are a few interesting parallels as well. For example, both ijara financing and the more traditional variety have certain regulations in place to ensure that both the sellers and the buyers are legally responsible and their needs are met through the legal documents they both need to sign. This save moneykind of attention to detail becomes especially important when you’re making an offer and at least some of the following conditions need to be included to protect the rights of the people involved.

  • For example you need to be sure the seller has the rights to the property.  A lawyers needs to be sure there are no liens on the property or other restrictions. In other words, it’s got to be clear there wont be any legal issues after you sign on the dotted line to buy the home.
  • You need to be careful that you have a clause about selling your current home before you buy anything. Without this all important condition, it’s possible to get involved in a legal battle.

Another clause about what goes and stays in the way of appliances, light fixtures and such is necessary so everyone is on the same page.

Posted by: islamicfinancingnews | November 7, 2014

A few things to consider when you’re looking at homes

Even after you’ve put together ijara loans and started understanding all the wonderful things that you can do with ijara canada  products, you need to apply that same practical nature to physically looking for a house for you and your family to live in. Make no mistake, there’s will be so many on the market regardless of when you start looking that the sheer numbers can become overwhelming. It’s best if you consider putting together a few benchmarks before you start out.

  •  Start by considering the technical considerations. Looking at the electrical system the place has is a great starting point and you need to keep in mind the older the home is , the more home for saleissues you might find all the way back to copper wiring, which is unacceptable.
  • The plumbing is another technical side of the home. All too often people look at the cosmetics like the windows and doors and they neglect these other foundations. Having an expert come with you who understands what to look for can save a lot of time and bother.

Although ijara loans can keep you safe from riba, these products wont help you with a flooded basement or faulty electrical work. Need more expert advice? Check our glossary

 

Posted by: islamicfinancingnews | November 7, 2014

Some excellent advice on selling your home

So you’ve had that ijara loan for some now and you’ve decided to move on and buy a new home. Of course even a few years is all the time you’ll need to see what great products ijara loans are and how they can help you to stay away from riba, but when the times comes to put that For Sale sign on your front lawn, there are a few concepts you need to keep in mind.

  1. Selling any home no matter how big or small isn’t a simple procedure. It involves large sums of money and you need the help of a professional who understands how to get you the most home ownershipfor your dollar. That where a Real Estate agent comes in. These experts will be able to package all you need to know  in a listing agreement that details everything out.
  2.  Realtors can also help you find the right price for your home. Ask too little and you’ll miss out on the opportunity to make money and ask too much and you wont sell at all.

Quite often a home wont sell right away but that doesn’t mean you need to be discouraged. Showing some perseverance  and making a few necessary adjustments usually pays off in the end. Check out some more advice on Sharia Law here.

 

Posted by: islamicfinancingnews | October 31, 2014

Ijara loans and some green tips

Everyone wants to make sure they do their part to help save the planet and you can start at home by going green with a few of these simple tips that work in conjunction with ijara loans.

  • Setting your thermostat a few degrees lower in the winter and a few degrees higher in the summer can make a big difference in the end. This is an excellent method that you can use to save on heating and cooling costs and by taking out a sweater in the winter you’ll be able to put money back in home sellyour pocket and do your part to help save the planet.
  • You can also save on energy costs by unplugging your appliances when you’re not using them since this does away with what’s being termed phantom power losses.
  • Heating water can also be expensive so experts suggest that where ever possible you wash in cold water.

Of course if you’re practicing Muslim you can get the right kind of products to get into the house that you want through ijara Canada loans. If you’re interested in finding out how to get started , all you need to do is click this link.

Posted by: islamicfinancingnews | October 31, 2014

Don’t make these mistakes when buying a home.

When you find a place that you want to buy or are on the verge of selling a place you already have, you might find the ijara mortgage part of the process is the most transparent. Ijara financing has been carefully developed to help people understand how the process works from start to finish in clear detail. But unfortunately, there are other aspects of the entire homebuying process that are more murky. Following are a few tips that you should keep in mind so you don’t meander off course whether you’re buying or selling.

  • Sometimes getting an appraisal can be a great way to decide how to price the home you’re trying to sell. Although these cost money and there’s no mar 24 5guarantee you’ll like the numbers that come back to you, an appraisal shows prospective buyers that you’re serious about selling and your home has real value on the market.
  • You should never try to bend the rules on the terms of the contract as it stands. If the buyer wants you to change something you should make it clear the contract stays as is unless you’re advised otherwise by a lawyer.

Don’t be tempted by other products either. Ijara financing is the right way to stay sharia compliant and buy a home in North America.

 

 

Posted by: islamicfinancingnews | October 27, 2014

Take a look at sharia finance law and this quick update

Sharia finance law is a great way to make sure that you’re  getting involved with North American real estate and at the same time staying close to your religious beliefs. Once you get the more difficult part of ijara loans out of the way and you’re signed up,  you can move on to the more interesting aspects of home ownership like quick and easy renovations that make a big difference. For example, installing a new backsplash in your kitchen is one of those relatively easy jobs that will make a lasting impression since that’s the area where you and your family meet most often.

Although it might not seem that way by the great look of the finished product, you don’t need to spend a lot of money on the backsplash materials that you choose. Wallpaper or even tin ceiling tiles are relatively inexpensive but great materials that look wonderful.ijara 1

Keep in mind one of the cornerstones of anything you buy in the North American real estate market is sharia finance law. The products that are sold and adher to this principle will keep you free from riba and allow you to enjoy all the other benefits of owning a home or property.

 

 

Posted by: islamicfinancingnews | October 26, 2014

Beaded Board Adds An Excellent Touch to Your Kitchen Renovations

Kitchens and bathrooms can be drastically improved with the classy touch of beaded board. This is a simple and easy to install DYI project that you can easily accomplish on a weekend. If you’re looking for a more modern look than the traditional planks, using wider boards is an excellent choice to get that cosmopolitan feeling and look.

Fund the entire project with some money from your ijara loans and you’ll have the extra good feeling of knowing that you’re staying Sharia compliant. Islamic loans usa can be used to help out with a variety of projects that can increase your equity like these beaded boards that look great  in any kitchen or bathroom. One of the interesting ideas were these boards come in handy is in the kitchen were your island can adopt a country feel. Remember to always mark of areas where you need to  drill holes through for phone jacks or other accessories.home tool kit

Bearded boards can also be painted but you want to make sure that you do this outside before you place them in the kitchen or bathroom because the fumes for even a small amount time can become a problem.

Why not check out our handy Ijara loans calculator while you’re at it?

 

Posted by: islamicfinancingnews | October 25, 2014

Updating your front door makes a big difference.

Islamic home loans are an interesting product and when you look at our website you’ll see that we have all the information you’ll need to make an informed decision about finally getting one of these islamic mortgage loans. We want to make sure that you get all the information you need to make the right decision and that’s why we even included a section on Sharia compliance and an ijara calculator that can help you crunch a few numbers.

That said, we’re also here to make sure that you get some good advice on updating your home so your equity keeps building over the course of your Islamic financing loan. Ask any homeowner who’s been in the game for a while and they’ll tell you that first impressions are one of the most important things you need to focus on. That’s why experts suggest painting your old front door or even investing in new one will make a tremendous difference to that all-important metric.

Other quick fixes that will make a big difference include repainting the old trim and getting a new set of house numbers.  Trying some different lighting fixtures at the front can also make the whole area look completely different and striking to first-time guests or possible buyers.mar 24 5

 

 

 

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