Posted by: islamicfinancingnews | October 28, 2012

Understanding Islamic finance includes a basic knowledge of the systems in your home

The more you know about Islamic finance, the better you’ll feel about applying for one of the interest free financing programs to help you purchase a home or refinance your mortgage. The same can be said for knowing the basics when it comes to the plumbing system in your home so you can determine which repairs you can take care of yourself and which ones require the know-how of a professional tradesman.

Of course, knowing how to prevent or deal with a clogged drain in your kitchen sink, bathtub and shower is something every homeowner should be familiar with, but other situations can arise. Here is an example. Noticing the triangle on your water meter is running even when no appliances are in use could mean a leaky faucet with bad washers that you can easily replace. However, a leak you cannot fix could indicate more serious trouble such as a ruptured pipe underneath the house. That’s when a basic knowledge of the plumbing system will help you to differentiate between a DIY repair and problems that require the training and expertise of a professional plumber.

Finding proper Islamic loans free of Riba will help to protect your spiritual values, while having a working knowledge of the systems that keep your home operating efficiently will help to protect your financial investment as well.

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