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Updated about 1 year ago on . Most recent reply

User Stats

100
Posts
38
Votes
Ben Tilbury
  • Real Estate Agent
  • San Luis Obispo, CA
38
Votes |
100
Posts

Sharia Law: No Interest!? How do you finance or buy a property?

Ben Tilbury
  • Real Estate Agent
  • San Luis Obispo, CA
Posted

Looking to the BP community for insights on ways to structure a purchase while not breaking the Sharia Law of paying interest. Would love to hear your personal experiences. I'm looking for ownership structures, financing structures, or various methods for a buyer who follows Sharia Law to buy properties without breaking the rule? Grateful for you help since this is rather new to me and I'm gathering info and methods to help my serve my clients better. 

Most Popular Reply

User Stats

18
Posts
10
Votes
Rameez Balagamwala
  • Houston, TX
10
Votes |
18
Posts
Rameez Balagamwala
  • Houston, TX
Replied

@Ben Tilbury

I have used UIF Corporation for multiple mortgages. 

These are the five sharia-compliant lenders I know of:

1) UIF Corporation (https://www.myuif.com/)

2) Guidance Residential (https://www.guidanceresidential.com)

3) Ijara CDC (https://ijaracdc.com/)

4) Lariba (https://www.lariba.com/)

5) Devon Bank (https://www.devonbank.com/fait...)

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