RealtorPartnership
whyislamicfinance
• NJ is the fastest growing state for Muslims
• Muslims are significant home buyers
• Muslims are asking for it
• Competitive pricing and personalized service
aboutcompany
• 100 year old, Michigan based
• Operational in 14 states• Islamic Banking for 10
years• $400+ million in
residential contracts• $30 million in Deposit
accounts• $15 million in
Commercial Contracts
They say, “Trade is a kind of riba (interest)”. But We have made trade lawful and riba unlawful.
Quran 2:275
Once Bilal brought Barni (i.e. a kind of dates) to the Prophet and the Prophet asked him, "From where have you brought these?" Bilal replied, "I had some inferior type of dates and exchanged two units of it for one unit of Barni dates in order to give it to the Prophet to eat." Thereupon the Prophet said, "Beware! Beware! This is definitely riba (Interest)! This is definitely riba (Interest)! Don't do so, but if you want to buy (a superior kind of dates) sell the inferior dates for money and then buy the superior kind of dates with that money."
Narrated Abu Said al-Khudri
Types of
islamicreal estate
transactions
Murabaha:
Installment Sale
Ijara:
Lease to own
Musharaka:
Co-Ownership
The Murabaha Transaction1) Ahmed finds a house that
he likes and negotiates the price with the seller
2) UIF buys the house from the seller
3) UIF resells the house to Ahmed
For Example
$100,000
$100,000
$119,400($994 monthly payment with a 10 year term)
ourmurabaha
features
• Down payment as low as 5%
• 15, 20, & 30 yr terms
• Purchase or refinance
• 1 to 4 unit primary or
investment property
• Cash-out refinance
let’s be partners
• Up to $500 credit towards closing costs for your customer!
• Most purchase closings within 30 days!
• Pre-Approvals in 24-48 hours!
• Joint Marketing Programs • Regular updates to
Realtors on file status• Invitation to attend
company sponsored seminars
93%Customer Satisfaction
sample of a joint flyer
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