Posted by: islamicfinancingnews | March 7, 2012

Is there an upswing on the horizon?

Is there an upswing on the horizon? Islamic finance could be part of a bigger surge

There are reports coming out, finally, that seem to indicate the American real estate market is leveling off or might even be on the upswing. The National Association of Realtors (NAR)has reported recently that the existing inventory of homes for sale is dropping and this is good news for those who are interested in getting the money to make a purchase through islamic finance methods.

There’s even more good news from the same organization and statistics are saying that real estate transactions grew an average of 4.3% in January. Now while that doesn’t mean the American market is out of the woods yet, and in fact there is certainly a long way to go to bring real estate back up to reasonable levels, there’s enough cause for optimism to start looking for the right place to get a solid Islamic loan.

Remember looking for the right company means starting a search on the Internet. Of course you’ll need to be sure to find one that’s free of Riba and makes mention of the fact that they are compliant with other areas of Sharia Law, but you also need to be sure their website has adequate contact information so you can get answers to the questions you have.

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