Halal house finance within this five days – No waitlist

EQRAZ try pleased to offer you halal home financing courtesy it’s 100% Shariah- and AAOIFI-certified month-to-month Murabaha financial unit. EQRAZ’s Murabaha financial lets people to shut its home loan at any day by paying away from precisely the leftover principal and you can just as much as three months away from cash once the a charge. Term belongs merely to you, bringing satisfaction that the home is truly a. EQRAZ’ resources of financing is 100% halal, acquired as a result of Shariah-formal, AAOIFI-compliant Wakala Agreements. We are completely funded, and you can earnestly issuing mortgage loans contained in this five working days away from software inside across the extremely provinces. Simply click less than to learn more.

The building blocks to possess Islamic Financing

When you look at the , with my three people broadening upwards, my wife and i chose to circulate back again to Canada out of Qatar, in which we’d lived given that 2007. Based on my previous providers and you may educational feel, I experienced wished to begin a management asking organization. Although not, as i began to create my personal system within the Canada, I found the notion of halal mortgage loans, and also the scarcity of those across the country. Being Muslim, and achieving existed more than a ic finance is growing at a keen unprecedented price, this piqued my notice, and that i decided to search into the providing Shariah-compliant mortgages in order to Canadian a home consumers.

Pursuing the six months out of detailed lookup and you may all those meetings having Canadian actual-home, home loan, financial and you will monetary attributes positives, I ran across the Canadian financial and you will regulatory ecosystem is actually mature having challenges against Islamic funds options. Since a Muslim, a business owner, but most notably a household people in search of another type of home inside the Canada, I thought i’d take on the situation of creating halal mortgages offered at size having my other Canadian Muslims. Canada’s step one.6 million Muslims depict 400,000 domiciles which, at this point, use up all your the means to access institutional-amounts Shariah-certified funding. Also, my personal research has verified that many of these types of Muslims were victims regarding malpractice and possibly also swindle as a result of opportunists seeking to generate profits within this world.

With God’s sophistication, adopting the five enough time numerous years of works, i given all of our basic halal financial towards the 30th , and have now approved many others due to the fact! I really accept that here’s the solution to Canada’s Islamic home-investment challenges, and i hope one EQRAZ’s providing suits on the pleasure of my fellow Canadian Muslims.

An enthusiastic Engineer’s view of Islamic Financing

Which have invested going back 15 years during the framework and you will oils & gasoline functions inside Qatar, the problem off Islamic money during the a western financial model reminds me off an excellent cofferdam an enclosure created within this a human anatomy off drinking water to allow the fresh sealed urban area to be moved away. So it moving produces a dry working ecosystem so the performs is possible properly. Cofferdams are generally useful for build otherwise repair from permanent dams and, if you ask me, the fresh analogy looks appropriate.

The sea stands for the industry of interest-centered money that we reside in, the newest cofferdam means the fresh new relatively little yet broadening Islamic finance world, therefore the action regarding moving water out from the cofferdam represents the perform from well-prepared Islamic economic benefits so you can purify and you may expand Islamic loans because of the more and more removing the remainder old-fashioned finance factors from the inside the fresh new Islamic money globe.

Just like good cofferdam, starting a gap having Islamic financing to grow requires the ability to help you at exactly the same time keep standards of Shariah-conformity when you find yourself functioning within this Canadian legislation and you may pursuing the statutes of land as far as possible versus breaking Islamic prices. It is far from the conclusion state however, a step on a journey with the a world as opposed to riba.

Because a professional, an actuary, and you can an exercising Muslim, I intend to fill in myself towards highest possible requirements of top-notch conduct, visibility and you may Goodness-fearing honesty by this travels, and i also look ahead to my personal fellow Canadian Muslims signing up for myself on this excursion.

Tale Trailing All of our Symbolization

Brand new EQRAZ icon is created since an enthusiastic 7-sided Wipe-el-Hizb, together with understands because the Islamic Superstar, which is an invaluable Islamic icon which was used to assist in the new recitation of Qur’an and, as such, named an important part out of an excellent Muslim’s go out-to-time existence. It is reported that ???? , this new Arabic keyword getting green, is used in variations seven moments in the Holy Quran to help you represent the latest eight doorways to Jannah (heaven), being also portrayed by eight corners of your own Wipe-el-Hizb.

In shape, EQRAZ is written during the old Kufic script widely used into the Islamic works, that have characters created from straight lines and you can proper angles. Mathematical and you will square Kufic molds have been popular during the Islamic tissues. With this specific Kufic layout from inside the EQRAZ’s signal couples the latest EQRAZ brand having Islamic buildings or, told you another way, Islamic housing EQRAZ’s prime organization.

The new image including means EQRAZ’s purpose to follow one another so you’re able to Shariah and you will Canadian guidelines and you can ethics without the twists, converts or compromises. Told you one other way, EQRAZ would-be straight-forward and you can clear having its website subscribers, rating compliance which have Shariah requirements right, and you may appeal to all of our customers’ trust and you may sensitivities.

Finally, the fresh new navy-blue colour of new signal stands for breadth, systems and you will stability. It characterizes the caliber of people and you may structure EQRAZ has actually make to add their subscribers with its halal capital facts.