Posted by: islamicfinancingnews | November 12, 2012

Islamic loans help newlyweds get started. Here’s a few other pointers

Islamic loans are one of the best ways to get you into your first home when you’re a newlywed. Because these Islamic mortgages can help you to stay compliant with Sharia Law, they take care of your spiritual needs. However, you need to look at some other practical considerations when you’re starting a life together that concerns your finances.

Here’s a few things to look at in conjunction with your Islamic loans:

  1. Do you have a cash flow budget ready to go? You should do this as though you were running a business to keep a good grip on the money coming in and going out.
  2. Some tax software will help you to learn how to manage your finances. The best ones here will also help you to balance your checkbook.
  3. Find a good financial adviser. Take your time and interview several so you can find the one that best suits your needs. Remember to ask these professionals about their past experience and find out if you can contact any of the names they supply for references.

It’s good to have a handle on your finances right from the start when you begin married life together. After you get the right Islamic loans, there’s lots more planning ahead.

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