6/11/2023 0 Comments Shariah program login![]() Wakala, where you make an agreement with the lender to work as your agent, allowing them to use your money to invest in sharia-compliant trading activities to generate a target profit for them.The more shares you own the less you have to pay back. Musharaka, where you and the sharia-compliant lender buy the property together and you gradually buy them out of their share.Ijara, where the lender buys the property and leases it to you, transferring ownership to you once the loan term ends.You pay fixed monthly repayments on the higher price without paying any interest back to the bank. Murabaha, where the lender will buy the property for you and will sell it back to you immediately for a profit.The first partner invests with his money, while the other has the responsibility to manage and work on the investment. ![]() Mudarabah, which is similar to a partnership, where one partner lends money to another so they can invest in a property. ![]() There are basically 5 basic types of Islamic home loans:
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