Halal domestic loans inside 5 days – Zero waitlist
EQRAZ is very happy to provide you with halal a mortgage because of it is 100% Shariah- and you will AAOIFI-certified month-to-month Murabaha mortgage unit. EQRAZ’s Murabaha home loan allows people to shut the home loan at any time by paying from only the leftover principal and you can whenever about three weeks regarding finances given that a fee. Label belongs merely to you, taking assurance that your residence is it’s your very own. EQRAZ’ sources of capital try 100% halal, received as a result of Shariah-specialized, AAOIFI-agreeable Wakala Agreements. We are completely funded, and positively giving mortgage loans within this five working days of application inside the round the very provinces. Click lower than to find out more.
The inspiration for Islamic Funds
In the , using my around three people expanding up, my spouse and i made a decision to flow back to Canada out of Qatar, where we had resided because 2007. Predicated on my personal earlier business and you will informative experience, I had wanted to begin a control contacting team. Although not, once i started to create my network in the Canada, I came across the idea of halal mortgages, as well as the scarcity of these across the country. Becoming Muslim, and achieving existed over a beneficial ic funds keeps growing from the an enthusiastic unmatched rates, that it piqued my focus, and that i decided to search towards delivering Shariah-agreeable mortgage loans so you can Canadian a residential property buyers.
Adopting the six months off thorough look and you will dozens of group meetings having Canadian genuine-property, mortgage, financial and monetary qualities pros, I realized the Canadian financial and you may regulatory environment try ripe that have demands against Islamic finance options. As the a great Muslim, an entrepreneur, but the majority importantly a family group person finding a separate household in the Canada, I decided to take on the situation of creating halal mortgage loans offered at level having my personal other Canadian Muslims. Canada’s step one.six billion Muslims portray 400,000 house who, to date, use up all your entry to institutional-values Shariah-certified resource. Moreover, my personal research has affirmed that many of these types of Muslims had been victims from malpractice and maybe even ripoff at the hands of opportunists seeking to generate earnings inside business.
Which have God’s elegance, following four enough time many years of functions, i granted all of our very first halal home loan toward 30th , and also provided even more because the! We sincerely accept that is the response to Canada’s Islamic domestic-investment demands, and that i pray you to definitely EQRAZ’s providing matches toward satisfaction out-of my fellow Canadian Muslims.
A keen Engineer’s view of Islamic loan places Putnam Money
Which have invested going back 15 years in framework and you may petroleum & gas services into the Qatar, the issue from Islamic finance for the a western banking model reminds me personally out of a good cofferdam an enclosure dependent in this a human anatomy away from liquid to allow the latest sealed area become pumped out. That it pumping creates a dried out doing work ecosystem and so the really works can be done securely. Cofferdams are generally employed for framework otherwise fix off long lasting dams and, if you ask me, the fresh analogy appears appropriate.
The sea means the field of attract-mainly based finance we live-in, the newest cofferdam represents this new relatively little but really broadening Islamic fund globe, plus the step out-of putting drinking water from the cofferdam signifies the new services out-of really-wishing Islamic financial benefits so you can cleanse and you may build Islamic finance of the progressively removing the rest antique loans aspects from inside the Islamic funds industry.
Just like a beneficial cofferdam, creating a gap getting Islamic fund to grow requires the element so you can in addition remain values out of Shariah-conformity if you are doing work within Canadian regulations and you can pursuing the legislation of your own belongings in terms of it is possible to instead breaking Islamic principles. It is not the conclusion county however, a step on a journey on a world without riba.
While the a professional, a keen actuary, and you will a training Muslim, I intend to submit myself with the highest possible standards out of elite carry out, visibility and God-dreading trustworthiness from this travel, and i also look forward to my fellow Canadian Muslims joining me personally with this travels.
Facts Behind Our Image
The newest EQRAZ icon is created since the an eight-sided Scrub-el-Hizb, and additionally understands just like the Islamic Star, that’s an important Islamic symbol that has been familiar with help in the latest recitation of your own Qur’an and you may, as such, seen as an important part from a good Muslim’s big date-to-time lives. Its stated that ???? , the new Arabic word to possess green, can be used within its various forms eight times on the Holy Quran to help you depict this new eight gates so you’re able to Jannah (heaven), which are similarly represented by the seven sides of Wipe-el-Hizb.
In shape, EQRAZ is created inside old Kufic script commonly used within the Islamic works, with emails made out of straight traces and you will best angles. Mathematical and you will rectangular Kufic molds was indeed popular in the Islamic buildings. With this Kufic build during the EQRAZ’s representation couples the brand new EQRAZ brand that have Islamic architecture otherwise, said another way, Islamic housing EQRAZ’s primary providers.
The fresh new symbol in addition to means EQRAZ’s intention so you’re able to adhere both in order to Shariah and you can Canadian guidelines and you will integrity with no twists, transforms or compromises. Said another way, EQRAZ is straight-forward and you can transparent having its clients, score compliance with Shariah standards right, and appeal to our very own customers’ believe and you may sensitivities.
Ultimately, the navy-blue colour of the image represents breadth, systems and you will balance. It characterizes the quality of individuals and system EQRAZ enjoys build to provide its readers having its halal money circumstances.
