Posted by: islamicfinancingnews | March 10, 2013

Islamic loans and reducing our home’s energy consumption

islam-8 There are many benefits to obtaining proper Islamic loans that help practicing Muslims act in accordance with the principles of Sharia law and comply with the trend toward making our homes more environmentally friendly.

The size of Canadian homes has been on the rise since the l950’s and as a result, almost sixty percent of the energy we use is related to heating. For those of us who want to become more energy conscious in the choices we make in our homes, here are a few tips:

  • Insulation is key. Installing proper insulation in walls, floors, basements and your roof will help keep you warm in the winter and cool in the summer.
  • Sealing up drafts in windows, doors and along walls can reduce up to 40 percent of heat loss in your home.
  • When choosing new appliances, models with Energy Star specifications will save on energy and the cost of utilities. For example, an Energy Star certified refrigerator uses approximately 40 percent less energy that a similar appliance manufactured before l993.
  • Making the switch to compact fluorescent light bulbs or LED bulbs provides about 75 percent more efficiency than traditional light bulbs.

Islamic finance free from Riba can help narrow the choices homeowners need to make when it comes to saving money and respecting the environment.

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