Halal house loans in this five days – No waitlist
EQRAZ try pleased to provide you with halal a mortgage through it is 100% Shariah- and you may AAOIFI-certified month-to-month Murabaha mortgage tool. EQRAZ’s Murabaha financial allows customers to shut its home loan at any time by paying out of only the left principal and you may up to about three weeks away from funds due to the fact a charge. Label belongs just to your, getting peace of mind your home is truly your personal. EQRAZ’ sourced elements of financing are 100% halal, gotten as a result of Shariah-formal, AAOIFI-agreeable Wakala Agreements. Our company is totally funded, and you will earnestly giving mortgages within this five working days of application inside across the extremely provinces. Simply click less than for more information.
The building blocks getting Islamic Finance
When you look at the , with my three youngsters growing upwards, my wife and i chose to move to Canada off Qatar, in which we had resided since the 2007. Centered on my personal past team and you may educational sense, I got planned to start an administration contacting team. But not, once i started initially to create my personal community in Canada, I came across the thought of halal mortgage loans, and also the lack of these all over the country. Being Muslim, and having stayed more a beneficial ic money continues to grow at the an unmatched price, it piqued my attention, and i decided to begin looking on the bringing Shariah-compliant mortgages to help you Canadian home people.
Adopting the 6 months out-of thorough look and you can those group meetings that have Canadian real-house, financial, financial and you may economic qualities professionals, I realized that the Canadian financial and you will regulatory environment try mature having pressures against Islamic funds opportunities. Since a Muslim, a business owner, but most importantly a household individual selecting a unique domestic inside the Canada, I decided to take on the trouble of developing halal mortgages offered at level having my other Canadian Muslims. Canada’s step one.six billion Muslims portray eight hundred,000 homes just who, so far, use up all your accessibility organization-degree Shariah-compliant resource. Furthermore, my research has verified that many of these Muslims was basically sufferers from malpractice and possibly actually scam as a result of opportunists trying create profits within this world.
Which have God’s grace, following the four much time years of functions, i granted all of our first halal financial into 30th , as well as have granted many more since the! I sincerely accept that we have found the answer to Canada’s Islamic family-funding pressures, and that i pray you to definitely EQRAZ’s giving matches to the fulfillment off my other Canadian Muslims.
An Engineer’s look at Islamic Fund
Which have spent for the past fifteen years inside the structure and you will oil & fuel features within the Qatar, the trouble off Islamic loans during the an american financial model reminds myself out-of good cofferdam an enclosure oriented within this a body away from liquid to let the fresh closed area as pumped aside. This working produces a dried out functioning ecosystem and so the really works is possible properly. Cofferdams are commonly employed for structure or repair off long lasting dams and you will, for me, this new example seems suitable.
The ocean signifies the industry of desire-dependent loans we reside in, the new cofferdam means this new relatively tiny yet broadening Islamic money industry, and also the action out-of moving water outside of the cofferdam means the fresh new perform regarding well-waiting Islamic financial gurus to cleanse and you will build Islamic funds of the more and more removing the remainder antique loans factors from the inside the fresh Islamic fund world.
Same as a beneficial cofferdam, starting a gap to possess Islamic loans to enhance requires the function so you’re able to while doing so remain standards from Shariah-conformity if you are performing inside Canadian laws and regulations and you can following the guidelines of one’s homes as much as you’ll versus breaking Islamic prices. It is not the conclusion state however, a step on a journey to your a scene without riba.
Since the an engineer, a keen actuary, and you will a training Muslim, We want to submit myself on maximum standards from elite conduct, transparency and Goodness-fearing honesty from this excursion, and i anticipate my personal fellow Canadian Muslims joining me personally about travel.
Facts Trailing Our very own Symbol
The fresh EQRAZ expression is created due to the fact an enthusiastic 7-sided Rub-el-Hizb, also understands given that Islamic Celebrity, which is an important Islamic symbol which had been used to assist in the newest recitation of the Qur’an and you can, as a result, thought to be an important part regarding a beneficial Muslim’s big date-to-time life. Its reported that ???? , the newest Arabic phrase getting green, is used with its different forms seven times about Holy Quran to portray the latest eight doorways to help you Jannah (heaven), being also portrayed from the 7 corners of one’s Scrub-el-Hizb.
From inside the figure, EQRAZ is created in ancient Kufic software popular into the Islamic really works, with emails created from upright contours and you may best angles. Mathematical and rectangular Kufic molds was indeed widely used into the Islamic architecture. With this Kufic design within the EQRAZ’s icon associates this new EQRAZ brand having Islamic tissues or, said another way, Islamic housing EQRAZ’s best company.
New symbolization together with stands for EQRAZ’s intention so you’re able to adhere each other so you’re able to Shariah and you can Canadian legislation and ethics without any twists, turns or compromises. Said one other way, EQRAZ will be straight-forward and clear having its customers, score compliance that have Shariah conditions right, and you may interest our very own customers’ trust and sensitivities.
Fundamentally, the navy-blue color of the logo signifies depth, expertise and you can balance. That Valley Head loans it characterizes the quality of people and system EQRAZ keeps put together to add their website subscribers featuring its halal funding issues.