All Forum Posts by: Rasheed-mass Ali

Hello,

I'm an investor out of CT. My partner and I have 3 properties that we are in possion of and desire to do 6 deals by end of the year.

I'm looking to find Credit Unions, Lenders etc that provide Sharia Compliant Loans. As a Muslim I am not interested in traditional interest backed loans. So I am looking to do my first few deals (before the need for portfolio loans and private capital) with sharia compliant loans. For your information, a sharia compliant loan requires the lender to have skin in the game and make profits from rental/lease agreements with the buyer. What would normally be interest is revenue and what is customarily principal becomes shares in a partnership between the buyer and the lender.

So far I have found UIF, Guidance, Devon and IJara.

Has anyone else found further options? I am ok working with these, but the more options and possiblities the better deals can be made.

Thanks & Cheers,

R. Ali

Hello, 

WRONG TITLE, CAN'T DELETE POST

TITLE: Fellow Investors, do you know of any Sharia Compliant Loans?

I'm an investor out of CT. My partner and I have 3 properties that we are in possion of and desire to do 6 deals by end of the year. 

I'm looking to find Credit Unions, Lenders etc that provide Sharia Compliant Loans. As a Muslim I am not interested in traditional interest backed loans. So I am looking to do my first few deals (before the need for portfolio loans and private capital) with sharia compliant loans. For your information, a sharia compliant loan requires the lender to have skin in the game and make profits from rental/lease agreements with the buyer. What would normally be interest is revenue and what is customarily principal becomes shares in a partnership between the buyer and the lender. 

So far I have found UIF, Guidance, Devon and IJara. 

Has anyone else found further options? I am ok working with these, but the more options and possiblities the better deals can be made. 

Thanks & Cheers,

R. Ali

Hello, 

I'm an investor out of Connecticut. I am working with my partner on two properties out of our three in the Detroit/Gross Point Area. 

Currently we are doing renovations with local GC ( which I would appreciate more leads on if you are willing to share); however I'm looking forward to planning tenants and comps for August. I would like to talk to some strong Agents and Managers to help me understand the market in ways I haven't thought of, to work with me to share opinions on my reno choices, to manage the property when done, and to work with for new opportunities towards my goal of 6 deals this year. 

If you have anyone that I should contact please let me know. 

Also, I would love to connect with other investors in the area and share wisdom, books and network.

Cheers

R. Ali