Halal domestic loans within five days – No waitlist

EQRAZ is actually happy to present halal a home loan using it’s 100% Shariah- and AAOIFI-agreeable month-to-month Murabaha home loan equipment. EQRAZ’s Murabaha financial lets consumers to close off its mortgage any kind of time big date if you are paying out of only the left prominent and you may whenever around three months away from funds once the a charge. Identity belongs only to your, providing assurance that your residence is it is your own. EQRAZ’ types of funding are 100% halal, obtained due to Shariah-specialized, AAOIFI-certified Wakala Preparations. We’re totally financed, and you may actively issuing mortgages contained in this five working days off application during the round the very provinces. Mouse click lower than to find out more.

The foundation to own Islamic Loans

Within the , using my three children broadening upwards, my partner and i chose to move to Canada out-of Qatar, in which we’d lived since 2007. Centered on my personal past organization and you may instructional experience, I’d desired to start an administration asking providers. But not, when i started to develop my community in the Canada, I found the idea of halal mortgage loans, plus the lack of them across the country. Are Muslim, and having resided more than an effective ic financing is growing within an enthusiastic unmatched speed, that it piqued my focus, and that i chose to start looking on the taking Shariah-compliant mortgage loans so you can Canadian a house customers.

Adopting the six months out of detailed lookup and you may all those group meetings which have Canadian actual-house, mortgage, financial and you can monetary characteristics pros, I discovered that Canadian economic and you may regulatory environment try mature having challenges up against Islamic loans solutions. Given that an effective Muslim, operator, but most notably a family group individual trying to find another type of domestic inside Canada, I thought i’d accept the situation of fabricating halal mortgages offered by level to possess my fellow Canadian Muslims. Canada’s step 1.six mil Muslims depict 400,000 properties just who, at this point, use up all your the means to access institutional-level Shariah-certified capital. More over, my research has confirmed that many of such Muslims was in fact subjects off malpractice and maybe actually fraud at the hands of opportunists trying to create winnings contained in this industry.

Having God’s sophistication, following five much time numerous years of works, i approved all of our first halal mortgage on the 30th , and possess granted even more because the! I really believe that here’s the answer to Canada’s Islamic home-money challenges, and i also pray you to definitely EQRAZ’s giving fits towards fulfillment regarding my fellow Canadian Muslims.

An Engineer’s view of Islamic Money

That have invested going back fifteen years inside construction and you may petroleum & gasoline functions during the Qatar, the challenge away from Islamic loans in a western financial design reminds me out-of a great cofferdam an enclosure depending inside a body regarding water to allow the latest enclosed town as moved out. It working produces a dried out functioning ecosystem and so the functions can be carried out securely. Cofferdams can be utilized for design otherwise repair off long lasting dams and you will, in my opinion, the newest analogy seems compatible.

The ocean is short for the realm of attention-mainly based loans that we live-in, the newest cofferdam represents the relatively lightweight yet broadening Islamic loans business, as well as the action of putting liquid out from the cofferdam stands for the fresh new operate out-of well-prepared Islamic economic advantages so you can purify and you will build Islamic fund because of the increasingly removing the rest traditional loans points from within new Islamic loans industry.

Identical to a beneficial cofferdam, carrying out a space getting Islamic funds to grow necessitates the ability so you’re able to as well remain principles out-of Shariah-compliance if you’re performing within this Canadian guidelines and you will following rules of your own homes as much as you’ll be able to in the place of breaking Islamic principles. It is not the finish condition Nectar loans but one step on vacation for the a world without riba.

Since an engineer, a keen actuary, and a practicing Muslim, I propose to complete me into maximum conditions regarding top-notch conduct, openness and you will God-dreading sincerity through this travel, and i also enjoy my personal other Canadian Muslims joining myself on this trip.

Story About The Symbol

The EQRAZ image is designed due to the fact an enthusiastic 7-sided Scrub-el-Hizb, plus knows while the Islamic Star, which is a valuable Islamic symbol that was regularly help in this new recitation of your Qur’an and, as such, seen as a significant part of a beneficial Muslim’s day-to-date life. Its reported that ???? , this new Arabic term to own green, is employed with its variations 7 minutes on Holy Quran in order to show the new 7 doorways to help you Jannah (heaven), that are also portrayed from the seven sides of one’s Scrub-el-Hizb.

During the contour, EQRAZ is created from inside the old Kufic software popular inside Islamic performs, which have letters created from upright lines and you will right basics. Mathematical and you will square Kufic molds was indeed widely used during the Islamic structures. With this specific Kufic concept for the EQRAZ’s logo associates the new EQRAZ brand which have Islamic architecture or, said one other way, Islamic housing EQRAZ’s finest organization.

The brand new symbolization in addition to is short for EQRAZ’s purpose to adhere both so you’re able to Shariah and you can Canadian legislation and you may stability with no twists, transforms otherwise compromises. Told you one other way, EQRAZ is straight-forward and clear featuring its readers, rating compliance which have Shariah conditions right, and you will interest our customers’ faith and you can sensitivities.

Fundamentally, the new navy-blue shade of brand new logo is short for breadth, solutions and you can balances. It characterizes the caliber of the individuals and you will system EQRAZ has actually put together to incorporate the customers with its halal resource points.