Posted by: islamicfinancingnews | February 15, 2013

Islamic finance and the top three ways to determine property value

islam-31 Islamic finance is a product that you need to select carefully so you can rest assured you’re staying Sharia compliant and free from Riba. When you’ve got that necessary part of the equation out of the way, you’ll need to know as much as possible about how to look for the property that represents the best return on your investment. Here’s three ideas you want to keep in mind.

  1. Location. Excellent development potential, good surroundings and a great mix of amenities like shopping and transportation are critical here.
  2. Demand. Some areas are more coveted than others and, although the above mentioned factors play a role, there are often some intangibles when it comes to demand like history. However this aspect plays out, it’s a good idea to be sure the area that you’re considering buying in has good demand potential.
  3. Supply is another factor. Remember the house you’re interested in might not be unique. If there are many others like it in the area you’re looking at, the supply could affect the price that you pay. That’s good when you’re buying, but it can also make a dent when you go to sell.

Determining property value is just as important as the Islamic finance product you get.

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