Posted by: islamicfinancingnews | May 4, 2013

Islamic finance: Here’s some big advantages

islam-11 The world is continually changing and practicing Muslims now have the advantage of being able to stay Sharia complaint and enter the North American real estate market with Islamic finance products.

With most traditional Western mortgages, the lending institutions charge interest on the outstanding debt of the loan, but that’s not the case with Islamic loans. Here, the trust fund gets set up to steer clear of this issue and keep customers working in accordance with their religion.

One of the biggest advantages to these Islamic finance products that are gaining in popularity across the globe is allowing practicing Muslims the chance at getting equity to improve their lives. Simplicity is also a factor. These products can often be negotiated right on the Internet and from the comfort of your own home. It’s also important to keep in mind that when you find the right firm that can look after your needs, they will stay on top of any new developments as far as Sharia compliance goes so that your religious requirements are satisfied with your desire to be in the real estate market.

Another clear advantage is that these products that avoid Riba come complete with a professional who can walk you through the application process and answer all of your questions.


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