Posted by: islamicfinancingnews | September 19, 2013

You can buy a business with Islamic loans

islam21 Once you get involved with Islamic loans and start noticing what they can do for you, you might be interested in setting your sites a little higher than just buying a residential home. There’s no reason you can’t use Islamic finance to purchase a business. Here’s a few pointers to help you get started.

  1. Look at the leasing versus the purchase price. There are occasions where the purchase price is actually the lower of the two and of course these are the instances where you should buy. If you’ve got a company on the go already, you can look at how it will be at an advantage by owing the asset for sale. That can be the deciding factor.
  2. See if the value of the business will more than likely increase. Whenever you buy anything that requires payments, you need to be sure the value will go up and that axiom is especially true for businesses. Remember, you can use the business as collateral as well.

It all starts with getting the right Islamic loans. Not only will these keep you free from ribabut they can also help to finance a business that will pave a path to an excellent future for you and your family.

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