Halal house funds in this five days – Zero waitlist
EQRAZ is actually very happy to offer you halal a mortgage as a result of it is 100% Shariah- and you will AAOIFI-compliant month-to-month Murabaha home loan product. EQRAZ’s Murabaha mortgage allows people to close its mortgage at any day by paying out-of just the leftover prominent and you can approximately around three months away from funds since the a fee. Term belongs merely to your, delivering assurance that the residence is it really is your very own. EQRAZ’ sources of funding is 100% halal, gotten owing to Shariah-official, AAOIFI-agreeable Wakala Preparations. We have been completely financed, and definitely providing mortgage loans in this five working days off app from inside the all over very provinces. Click lower than to learn more.
The inspiration to have Islamic Funds
Inside , using my about three children increasing right up, my spouse and i decided to circulate returning to Canada of Qatar, in which we’d stayed given that 2007. Predicated on my prior company and informative experience, I’d desired to start a management consulting providers. not, while i began to generate my personal circle within the Canada, I came across the thought of halal mortgages, as well as the dearth of them all over the country. Being Muslim, and having lived more than a beneficial ic loans keeps growing during the an unprecedented price, that it piqued my notice, and i decided to look into the delivering Shariah-agreeable mortgages in order to Canadian a property consumers.
Pursuing the six months regarding extensive research and all those group meetings having Canadian actual-estate, mortgage, banking and financial services advantages, I came across that Canadian financial and you may regulating ecosystem is actually ready that have challenges against Islamic funds options. Because a Muslim, a business owner, but most notably a family group person selecting an alternate household inside the Canada, I decided to undertake the problem of developing halal mortgages offered by measure for my fellow Canadian Muslims. Canada’s 1.6 million Muslims represent eight hundred,000 domiciles just who, so far, use up all your accessibility institutional-degrees Shariah-certified financial support. Additionally, my personal research has confirmed that many of such Muslims was basically sufferers away from malpractice and possibly also ripoff at the hands of opportunists trying to make profits within this community.
With God’s grace, following five enough time numerous years of performs, we provided all of our very first halal mortgage on 30th , and then have approved many more as the! We really accept that let me reveal the answer to Canada’s Islamic home-investment challenges, and i pray one EQRAZ’s providing fits into fulfillment off my personal other Canadian Muslims.
An enthusiastic Engineer’s look at Islamic Financing
Which have spent the past fifteen years during the structure and you can oil & gasoline functions in Qatar, the issue of Islamic funds for the a western financial design reminds me personally out of a cofferdam an enclosure dependent contained in this a body of liquids to let the latest enclosed city becoming moved out. It moving brings a dry operating environment so the functions is possible safely. Cofferdams are commonly useful for framework otherwise repair of permanent dams and, for me, the fresh new example looks compatible.
The ocean means the industry of interest-based funds we live in, the fresh cofferdam represents the apparently little but really increasing Islamic finance world, together with action regarding working liquids out from the cofferdam signifies the new efforts out of really-waiting Islamic economic pros so you’re able to purify and you can grow Islamic loans by progressively deleting the rest antique fund facets from the inside new Islamic fund globe.
Same as an effective cofferdam, starting a space to possess Islamic loans to grow requires the ability in order to at exactly the same time keep prices off Shariah-compliance whenever you are performing within Canadian laws and you may after the laws of the home in terms of possible in the place of breaking Islamic principles. It is not the conclusion state but a step on vacation to the a scene in place of riba.
As a professional, an enthusiastic actuary, and a training Muslim, I decide to complete myself to your highest possible requirements regarding elite group run, visibility and you can God-dreading trustworthiness by this travel, and i also look ahead to my personal other Canadian Muslims signing up for myself about this trip.
Tale Behind All of our Image
The EQRAZ signal is created because an enthusiastic 7-sided Scrub-el-Hizb, in addition to knows as Islamic Superstar, that’s a valuable Islamic symbol that has been used to help in the loan places Natural Bridge latest recitation of Qur’an and you may, as such, recognized as an essential part regarding a great Muslim’s time-to-day lives. Its stated that ???? , the fresh new Arabic word having green, is utilized in variations eight times on Holy Quran in order to show the seven doors to Jannah (heaven), which are similarly depicted by the seven sides of one’s Rub-el-Hizb.
From inside the shape, EQRAZ is created within the ancient Kufic script widely used in the Islamic performs, which have characters produced from upright traces and you may right bases. Geometric and you may square Kufic molds was indeed popular from inside the Islamic architecture. Using this Kufic concept inside the EQRAZ’s symbolization couples brand new EQRAZ brand name that have Islamic frameworks otherwise, told you one other way, Islamic housing EQRAZ’s perfect team.
The fresh expression including stands for EQRAZ’s purpose in order to adhere both in order to Shariah and you may Canadian statutes and you can ethics with no twists, transforms otherwise compromises. Said one other way, EQRAZ could well be straight-forward and you will clear having its clients, get conformity which have Shariah conditions right, and you can attract all of our customers’ faith and you will sensitivities.
In the end, new navy-blue color of the latest representation signifies breadth, expertise and you may balance. So it characterizes the caliber of people and you can structure EQRAZ possess put together to provide the subscribers along with its halal funding activities.