Halal Financing offers a unique path to homeownership. This innovative financing program, is a groundbreaking home buying solution that offers a path to homeownership while adhering to Islamic principles. Through our exclusive partnership with the Ijara Community Development Corporation, we are proud to be one of the few companies nationwide offering Islamic-compliant lending.
As part of this program, the borrower will make regular rent payments, directed to the Ijara Community Development Corporation.
What sets our Halal Financing Program apart is that with each rent payment to the Ijara Community Development Corporation, the borrower is building valuable equity in their home – unlike traditional rent, which leads to no ownership.
The Ijara Community Development Corporation takes care of all aspects related to servicing, insurance, property taxes, and more, ensuring a hassle-free experience.
One of the main advantages of our Halal Financing Program is that we follow the process of Ijara-wa-Iqtina (lease and ownership). By directing rent payments to the Ijara Community Development Corporation, buyers avoid interest payments typically associated with traditional mortgages.
Importantly, each rent payment contributes to building equity, just as it would with a conventional mortgage.
