Halal family funds in this five days – Zero waitlist
EQRAZ is actually happy to present halal home financing owing to its 100% Shariah- and you can AAOIFI-compliant month-to-month Murabaha financial device. EQRAZ’s Murabaha financial lets customers to shut the financial any kind of time big date by paying off just the kept prominent and you will around around three days regarding cash just like the a fee. Label belongs in order to you, taking comfort your home is it’s your own. EQRAZ’ types of money was 100% halal, gotten using Shariah-certified, AAOIFI-compliant Wakala Preparations. We are completely financed, and you will positively issuing mortgage loans within this five business days from software for the round the most provinces. Simply click lower than for more information.
The inspiration to possess Islamic Money
In the , with my about three people expanding up, my wife and i made a decision to move back again to Canada off Qatar, where we had resided due to the fact 2007. Centered on my personal earlier business and you will informative experience, I had wanted to start an administration asking team. not, when i started to establish my personal circle in the Canada, I found the notion of halal mortgage loans, as well as the lack of them nationwide. Are Muslim, and achieving resided more than a ic funds continues to grow in the an enthusiastic unprecedented rates, this piqued my focus, and i decided to start to look with the getting Shariah-compliant mortgages to Canadian real estate people.
Following six months off Taylor loans detailed browse and dozens of conferences which have Canadian real-house, home loan, banking and you can financial features positives, I ran across that Canadian monetary and you may regulating environment try ready with challenges facing Islamic funds opportunities. While the a Muslim, operator, but the majority importantly a household person shopping for an alternative house inside Canada, I decided to accept the problem of fabricating halal mortgage loans offered by level to own my fellow Canadian Muslims. Canada’s step one.six mil Muslims portray 400,000 properties who, to date, run out of use of institutional-values Shariah-compliant financial support. Furthermore, my studies have confirmed a large number of this type of Muslims was in fact sufferers regarding malpractice and perhaps actually scam as a result of opportunists seeking create winnings contained in this world.
With God’s elegance, adopting the four much time several years of work, i given our first halal home loan for the 30th , and now have awarded more due to the fact! I sincerely believe that listed here is the answer to Canada’s Islamic house-financial support pressures, and that i pray one to EQRAZ’s providing match into the fulfillment away from my fellow Canadian Muslims.
An enthusiastic Engineer’s look at Islamic Money
Which have invested during the last 15 years into the framework and you can oil & gas services in Qatar, the situation out of Islamic funds from inside the a western banking design reminds me out-of good cofferdam a housing established inside a human anatomy regarding liquids to let the brand new enclosed city to-be pumped away. This putting creates a dry operating ecosystem therefore, the performs can be done safely. Cofferdams can be useful structure otherwise fix away from long lasting dams and you will, if you ask me, the new example appears compatible.
The ocean represents the industry of attract-founded finance that people live in, new cofferdam means the brand new relatively little but really broadening Islamic finance business, and the action regarding moving liquids outside of the cofferdam represents the brand new services out-of well-prepared Islamic economic benefits so you can purify and you will grow Islamic money from the increasingly removing the rest traditional loans factors from inside the new Islamic loans business.
Same as a good cofferdam, carrying out a space getting Islamic finance to enhance necessitates the feature so you’re able to concurrently continue beliefs from Shariah-compliance while doing work within this Canadian laws and you will adopting the laws of your homes in terms of you’ll be able to rather than cracking Islamic prices. It is far from the finish condition however, one step on a journey on a scene without riba.
Because the a professional, an enthusiastic actuary, and you may a doing Muslim, We intend to fill in me with the highest possible requirements regarding elite conduct, openness and you can God-fearing sincerity through this travel, and i also enjoy my fellow Canadian Muslims signing up for myself about this excursion.
Facts Trailing Our Icon
The brand new EQRAZ symbol is created because a keen 7-sided Wipe-el-Hizb, also knows due to the fact Islamic Celebrity, that’s a valuable Islamic icon that was always aid in the fresh recitation of Qur’an and you may, therefore, thought to be an important part regarding a great Muslim’s time-to-date existence. Its stated that ???? , the new Arabic keyword to possess green, is utilized with its different forms 7 times in the Holy Quran to help you represent brand new 7 doorways so you’re able to Jannah (heaven), which are likewise portrayed by the 7 sides of one’s Wipe-el-Hizb.
During the profile, EQRAZ is created in the ancient Kufic script commonly used during the Islamic performs, with characters created from upright traces and you may correct angles. Geometric and you can rectangular Kufic molds were commonly used in the Islamic architecture. With this specific Kufic design for the EQRAZ’s logo lovers brand new EQRAZ brand name having Islamic buildings otherwise, said another way, Islamic housing EQRAZ’s prime organization.
The latest representation as well as represents EQRAZ’s purpose so you can adhere both to help you Shariah and you will Canadian laws and you may integrity without having any twists, turns or compromises. Told you another way, EQRAZ is straight-forward and you will transparent with its readers, rating compliance with Shariah standards right, and interest our very own customers’ believe and sensitivities.
Eventually, new navy-blue color of the fresh sign represents breadth, expertise and you can stability. That it characterizes the standard of people and you may system EQRAZ possess make to provide their website subscribers featuring its halal financing facts.
