EQRAZ are very happy to offer you halal a mortgage compliment of it is 100% Shariah- and you can AAOIFI-agreeable month-to-month Murabaha mortgage unit. EQRAZ’s Murabaha home loan allows users to close their financial at any go out if you are paying of precisely the left dominating and you may everything about three months from money once the a charge. Identity belongs in order to you, providing peace of mind that your residence is it’s your personal. EQRAZ’ types of investment is 100% halal, received thanks to Shariah-certified, AAOIFI-compliant Wakala Preparations. The audience is fully funded, and you may actively providing mortgage loans within four working days out-of application for the round the really provinces. Click less than for more information.
The building blocks having Islamic Financing
During the , using my around three college students broadening up, my spouse and i made a decision to move returning to Canada out-of Qatar, in which we’d existed as the 2007. Based on my personal past organization and you will educational experience, I experienced wished to begin a management asking company. not, whenever i began to make my network during the Canada, I discovered the idea of halal mortgages, plus the scarcity of these all over the country. Becoming Muslim, and achieving lived more than good ic finance continues to grow at the an enthusiastic unprecedented rate, it piqued my notice, and i chose to look into delivering Shariah-compliant mortgage loans in order to Canadian a home buyers.
After the 6 months out-of detailed research and you will all those group meetings that have Canadian actual-estate, home loan, financial and you will economic qualities gurus, I realized your Canadian economic and you can regulatory ecosystem try mature having challenges against Islamic finance opportunities. Given that a Muslim, operator, but most importantly children person wanting an alternative family into the Canada, I thought i’d undertake the trouble of developing halal mortgages offered at scale to have my personal other Canadian Muslims. Canada’s step 1.six mil Muslims depict eight hundred,000 property whom, up until now, run out of usage of organization-level Shariah-agreeable resource. Additionally, my personal studies have confirmed a large number of these types of Muslims was indeed sufferers off malpractice and perhaps even con at the hands of opportunists trying create winnings contained in this community.
With God’s elegance, pursuing the four a lot of time numerous years of works, i approved our very first halal financial for the 30th , and now have awarded numerous as the! We really believe that we have found the response to Canada’s Islamic house-money pressures, and i pray one to EQRAZ’s providing suits toward pleasure of my fellow Canadian Muslims.
A keen Engineer’s view of Islamic Loans
Having spent for the last fifteen years when you look at the build and you will oils & energy properties inside the Qatar, the challenge regarding Islamic money within the an american banking design reminds myself from good cofferdam a housing founded inside a human anatomy away from h2o so that the newest closed urban area as moved away. Which working brings a dried out working environment so that the work can be achieved properly. Cofferdams are commonly useful design or resolve off long lasting dams and you may, in my experience, the analogy looks appropriate.
The sea represents the realm of focus-mainly based money that people live-in, the brand new cofferdam means this new relatively little yet , expanding Islamic money world, in addition to step from putting drinking water outside of the cofferdam represents the brand new efforts off well-waiting Islamic monetary pros so you’re able to cleanse and expand Islamic fund from the increasingly deleting the remaining old-fashioned money factors from inside brand new Islamic fund globe.
Identical to an effective cofferdam, performing a gap getting Islamic funds to enhance requires the ability so you’re able to likewise continue beliefs out-of Shariah-compliance if you find yourself doing work within Canadian rules and you will following legislation of property as much as it is possible to without cracking Islamic values. It’s not the end county but a step on a trip towards a scene versus riba.
As the an engineer, an actuary, and you will an exercising Muslim, I want to submit me toward highest possible conditions off elite perform, visibility and God-fearing honesty by this travel, and i enjoy my fellow Canadian Muslims signing up for me with this travels.
Tale At the rear of All of our Logo
The fresh new EQRAZ icon is made as the an eight-sided Wipe-el-Hizb, along with knows as the Islamic Celebrity, that’s an important Islamic icon that was regularly assist in this new recitation of your own Qur’an and, https://paydayloanalabama.com/monroeville/ as a result, thought to be an important part from a great Muslim’s day-to-go out existence. Its reported that ???? , the Arabic phrase to have green, is employed in various forms 7 minutes on Holy Quran so you can depict brand new seven doors so you’re able to Jannah (heaven), that are also portrayed by 7 edges of one’s Scrub-el-Hizb.
From inside the profile, EQRAZ is created during the ancient Kufic program popular within the Islamic works, that have letters produced from upright lines and proper angles. Geometric and you may rectangular Kufic shapes was popular inside Islamic structures. With this Kufic design for the EQRAZ’s symbol associates the latest EQRAZ brand name with Islamic tissues or, said one other way, Islamic housing EQRAZ’s perfect business.
The signal also means EQRAZ’s intention so you can adhere one another so you’re able to Shariah and Canadian guidelines and you can integrity without the twists, turns or compromises. Told you one other way, EQRAZ is straight-forward and you will clear along with its website subscribers, score compliance with Shariah requirements right, and you may interest our very own customers’ trust and you can sensitivities.
Finally, the new navy-bluish shade of this new logo means breadth, options and balance. Which characterizes the caliber of people and you will infrastructure EQRAZ have make to provide the subscribers along with its halal investment things.