EQRAZ is very happy to offer you halal a home loan due to it’s 100% Shariah- and you may AAOIFI-certified monthly Murabaha home loan unit. EQRAZ’s Murabaha home loan lets people to close off their home loan any kind of time go out by paying of just the left prominent and you will whenever three weeks from profit given that a fee. Term belongs merely to your, delivering comfort that the house is truly your own. EQRAZ’ sourced elements of resource is 100% halal, received as a result of Shariah-specialized, AAOIFI-certified Wakala Preparations. Our company is completely financed, and definitely giving mortgages within five business days from app during the across the really provinces. Simply click lower than to find out more.
The building blocks getting Islamic Fund
Into the , with my about three children increasing right up, my wife and i decided to disperse back into Canada out of Qatar, where we’d existed while the 2007. Considering my personal early in the day business and you will educational feel, I’d desired to begin an administration contacting business. Although not, whenever i started initially to develop my personal system when you look at the Canada, I found the notion of halal mortgages, as well as the scarcity ones across the country. Are Muslim, and achieving lived more than a beneficial ic funds continues to grow from the an enthusiastic unprecedented rate, so it piqued my focus, and i also made a decision to start looking toward delivering Shariah-certified mortgage loans so you’re able to Canadian a home people.
Adopting the six months of extensive look and you may those conferences with Canadian genuine-property, home loan, banking and you can monetary attributes pros, I realized the Canadian economic and you will regulating ecosystem try mature that have pressures facing Islamic finance possibilities. Since a beneficial Muslim, a business owner, but most significantly a family group person in search of a separate house when you look at the Canada, I thought i’d deal with the issue of loans Owens Cross Roads creating halal mortgages offered by level to have my personal fellow Canadian Muslims. Canada’s 1.six mil Muslims portray 400,000 domiciles who, yet, use up all your entry to institutional-grade Shariah-compliant investment. Also, my studies have verified that many of these Muslims was basically victims off malpractice and perhaps even scam at the hands of opportunists seeking to make profits in this globe.
That have God’s sophistication, following five long many years of performs, we given our very own very first halal mortgage on 30th , and also provided even more due to the fact! I really accept that listed here is the solution to Canada’s Islamic home-financial support challenges, and i hope that EQRAZ’s offering matches for the fulfillment of my personal fellow Canadian Muslims.
An enthusiastic Engineer’s look at Islamic Fund
Which have spent during the last 15 years within the design and petroleum & energy services during the Qatar, the issue regarding Islamic finance inside the an american banking design reminds me personally off an excellent cofferdam an enclosure centered contained in this a human anatomy of liquids to allow the latest closed area becoming moved away. This putting produces a dried out doing work environment so the functions can be achieved securely. Cofferdams are generally used in build or resolve regarding permanent dams and you may, for me, the newest example seems compatible.
The ocean represents the realm of attract-mainly based loans that individuals are now living in, the brand new cofferdam is short for the fresh new seemingly smaller but really broadening Islamic fund community, while the action out-of putting drinking water from the cofferdam means the jobs regarding better-prepared Islamic financial experts to purify and you will expand Islamic loans by increasingly deleting the remaining conventional loans elements from within the latest Islamic loans globe.
Just like good cofferdam, carrying out a gap having Islamic loans to enhance requires the element to simultaneously keep standards from Shariah-compliance if you’re performing within Canadian laws and after the legislation of house so far as you’ll be able to in place of breaking Islamic principles. It is not the end county but one step on a trip towards the a scene without riba.
As the an engineer, a keen actuary, and you can a practicing Muslim, We want to fill out me on the maximum conditions away from top-notch carry out, visibility and you can God-fearing sincerity through this journey, and that i look ahead to my personal fellow Canadian Muslims joining me on this trip.
Story Behind The Symbol
The latest EQRAZ sign is created because the a keen 7-sided Scrub-el-Hizb, together with knows since the Islamic Star, which is an important Islamic icon that was used to aid in brand new recitation of one’s Qur’an and you may, therefore, thought to be an essential part away from a Muslim’s big date-to-day lifetime. It is reported that ???? , the brand new Arabic term to own green, is utilized in its various forms seven minutes on the Holy Quran to show the fresh new seven doors in order to Jannah (heaven), being similarly represented by seven edges of your Scrub-el-Hizb.
From inside the shape, EQRAZ is created into the ancient Kufic program popular in the Islamic performs, with letters produced from straight outlines and you may correct angles. Mathematical and square Kufic shapes was in fact popular in Islamic architecture. Using this Kufic layout during the EQRAZ’s logo associates the EQRAZ brand name that have Islamic architecture otherwise, told you another way, Islamic housing EQRAZ’s prime team.
The brand new sign along with stands for EQRAZ’s intention so you’re able to follow each other to help you Shariah and Canadian laws and regulations and you will integrity without the twists, turns otherwise compromises. Said one other way, EQRAZ might possibly be straight-forward and clear with its website subscribers, rating compliance with Shariah standards right, and you can interest all of our customers’ faith and you will sensitivities.
Eventually, the brand new navy-bluish color of this new sign means depth, possibilities and you will balance. So it characterizes the caliber of the folks and you may system EQRAZ keeps come up with to incorporate its website subscribers with its halal resource things.
