Sharia Financial support Helps us Muslims Reach Home ownership Dream
Khadijah Sahak, 59, consist in the living room area out of their particular perfectly-remaining townhouse when you look at the Sterling, Virginia. The fresh new Afghan reports system sending out regarding their wall structure-mounted apartment-screen television is actually revealing the fresh new Taliban.
Which leafy Arizona suburb was quite a distance on refugee go camping during the Pakistan in which Khadijah’s family unit members says it resided after making Kabul inside the 2002.
Regarding the rent design, the latest Islamic lender orders your house and you will rents it with the customers into the a lease-to-individual type contract
About commitment design, says Sabahi, both Islamic lender and you can buyers purchase the domestic together. The consumer gradually purchases the latest bank’s show of the home while including using a charge for occupying the house.
To become done properly, says Sabahi, the lending company has to it’s purchase the resource, own it after which import so it possession to help you their people. And a swap – in place of credit regarding the old-fashioned feeling of the word – is what Sharia signs from into the and you may approves. (más…)