EQRAZ try pleased to offer you halal home financing owing to it’s 100% Shariah- and AAOIFI-agreeable month-to-month Murabaha home loan unit. EQRAZ’s Murabaha home loan allows customers to shut their home loan at any date if you are paying from precisely the left dominant and you will everything about three days away from money while the a charge. Term belongs in order to your, providing peace of mind that your particular residence is it is your. EQRAZ’ sourced elements of capital try 100% halal, obtained thanks to Shariah-certified, AAOIFI-agreeable Wakala Preparations. We’re fully financed, and you will earnestly providing mortgages within this four business days regarding software within the across the extremely provinces. Mouse click lower than to find out more.
The foundation getting Islamic Financing
During the , using my around three youngsters growing upwards, my partner and i chose to circulate to Canada out of Qatar, where we had lived once the 2007. Centered on my prior organization and you will academic feel, I’d wished to initiate a management consulting providers. Although not, once i started initially to develop my personal network from inside the Canada, I discovered the thought of halal mortgages, as well as the scarcity of them all over the country. Are Muslim, and achieving resided more than a beneficial ic fund is growing at a keen unmatched speed, so it piqued my personal attention, and that i chose to search into getting Shariah-compliant mortgages to Canadian a house people.
Following six months from detailed research and all those meetings which have Canadian genuine-house, home loan, banking and financial features professionals, I ran across that Canadian economic and you may regulatory ecosystem are ripe with demands facing Islamic fund ventures. Since a Muslim, a business owner, but most notably children person searching for yet another family inside Canada, I decided to take on the problem of developing halal mortgages available at level to own my fellow Canadian Muslims. Canada’s 1.six million Muslims show eight hundred,000 home just who, yet, run out of use of organization-level Shariah-certified financing. More over, my personal research has affirmed that many of this type of Muslims had been sufferers away from malpractice and possibly even ripoff at the hands of opportunists looking to create profits contained in this business.
Having God’s sophistication, pursuing the four enough time many years of performs, we provided our very own basic halal mortgage into 30th , and have now awarded even more as! I sincerely believe that the following is the answer to Canada’s Islamic household-funding pressures, and i hope one EQRAZ’s offering suits to your pleasure away from my personal other Canadian Muslims.
An Engineer’s look at Islamic Loans
With invested going back 15 years during the structure and oil & gas functions when you look at the Qatar, the challenge away from Islamic loans inside the a western financial design reminds myself off an effective cofferdam an enclosure built contained in this a body out of drinking water to allow the closed urban area become pumped aside. So it moving produces a dry functioning environment so the works can be carried out properly. Cofferdams can be useful for structure or repair from permanent dams and you can, to me, the analogy looks compatible.
The sea signifies the field of focus-created fund that people inhabit, the fresh new cofferdam stands for the https://paydayloanalabama.com/waldo/ latest apparently lightweight yet increasing Islamic finance industry, and action of pumping water outside of the cofferdam signifies the newest operate off really-prepared Islamic economic advantages to help you purify and you can develop Islamic fund from the progressively deleting the rest traditional fund aspects from within this new Islamic loans industry.
Identical to a beneficial cofferdam, doing a gap to possess Islamic money to enhance requires the feature so you’re able to in addition keep principles off Shariah-compliance while working inside Canadian laws and you can pursuing the laws of homes so far as you are able to in the place of breaking Islamic standards. It is really not the conclusion state however, one step on vacation towards the a world in the place of riba.
Once the an engineer, an enthusiastic actuary, and you can a training Muslim, I propose to fill out me personally to the highest possible standards away from top-notch run, visibility and you can Jesus-fearing trustworthiness through this trip, and that i look ahead to my fellow Canadian Muslims joining me on this subject trip.
Tale Trailing Our very own Symbol
New EQRAZ representation is made since an 7-sided Wipe-el-Hizb, in addition to understands just like the Islamic Celebrity, that’s an invaluable Islamic icon that has been familiar with assist in the brand new recitation of your Qur’an and you can, as such, seen as a significant part regarding a great Muslim’s date-to-date lifestyle. Its reported that ???? , the brand new Arabic term getting green, is used with its variations 7 times about Holy Quran to show the latest 7 doorways so you’re able to Jannah (heaven), which happen to be furthermore depicted from the 7 edges of your own Wipe-el-Hizb.
In shape, EQRAZ is created during the old Kufic software widely used during the Islamic really works, that have letters made out of upright outlines and you can correct bases. Geometric and you can rectangular Kufic shapes was popular inside Islamic frameworks. Using this type of Kufic layout inside the EQRAZ’s symbol lovers new EQRAZ brand name which have Islamic buildings or, told you one other way, Islamic housing EQRAZ’s prime team.
The brand new symbolization also stands for EQRAZ’s intent so you can adhere both to Shariah and you may Canadian guidelines and you will integrity with no twists, transforms otherwise compromises. Told you one other way, EQRAZ is straight-forward and you may clear along with its customers, score conformity which have Shariah requirements right, and you will appeal to our customers’ trust and you will sensitivities.
Fundamentally, the fresh new navy-bluish shade of the symbolization stands for breadth, assistance and you can balance. So it characterizes the caliber of the individuals and you will structure EQRAZ keeps assembled to provide their customers having its halal resource items.