EQRAZ try very happy to provide you with halal a mortgage using its 100% Shariah- and AAOIFI-agreeable month-to-month Murabaha financial product. EQRAZ’s Murabaha home loan allows consumers to close off the financial any kind of time big date by paying from only the kept prominent and everything around three days out-of money as a fee. Identity belongs merely to you, taking assurance that your particular home is it really is your very own. EQRAZ’ sourced elements of resource is 100% halal, acquired using Shariah-formal, AAOIFI-compliant Wakala Plans. We are completely financed, and you can actively giving mortgages inside five business days regarding application in the all over really provinces. Click lower than to learn more.
The inspiration getting Islamic Finance
When you look at the , with my three pupils expanding upwards, my spouse and i made a decision to circulate back to Canada from Qatar, in which we had stayed as 2007. Considering my personal early in the day organization and you can educational experience, I’d desired to begin a control asking organization. not, while i started initially to write my network in the Canada, I discovered the idea of halal mortgage loans, in addition to dearth of those all over the country. Becoming Muslim, and having resided more an effective ic finance keeps growing at an enthusiastic unprecedented rates, this piqued my focus, and i also chose to begin looking into the taking Shariah-agreeable mortgages in order to Canadian a house customers.
Following six months regarding comprehensive search and you can dozens of conferences which have Canadian real-estate, mortgage, financial and you can financial properties masters, I discovered your Canadian monetary and you will regulatory ecosystem try ready that have pressures facing Islamic financing solutions. Given that an effective Muslim, operator, but most significantly a family group person in search of a unique home inside the Canada, I decided to accept the difficulty of making halal mortgage loans offered by measure for my personal other Canadian Muslims. Canada’s 1.six billion Muslims show eight hundred,000 homes who, yet, run out of accessibility institutional-levels Shariah-certified money. Also, my research has verified a large number of these types of Muslims was basically sufferers away from malpractice and perhaps actually con at the hands of opportunists seeking to make profits inside world.
With God’s sophistication, adopting the four much time many years of works, i granted our very first halal home loan toward 30th , and just have granted a lot more just like the! I sincerely believe that is the answer to Canada’s Islamic family-investment demands, and i pray one to EQRAZ’s payday loans Vance offering meets to the pleasure away from my fellow Canadian Muslims.
An enthusiastic Engineer’s look at Islamic Money
That have spent the past 15 years for the framework and you can oils & energy attributes in Qatar, the trouble away from Islamic loans in the an american financial design reminds myself of a cofferdam an enclosure mainly based within a body out of liquids so that the brand new sealed area become moved out. It pumping creates a dried out operating environment so the performs is possible securely. Cofferdams can be employed for framework or resolve off long lasting dams and, for me, the new analogy looks compatible.
The ocean represents the field of appeal-depending money that we live in, the brand new cofferdam signifies brand new relatively lightweight yet expanding Islamic loans business, and action of working liquid from the cofferdam means the jobs of really-prepared Islamic monetary experts to purify and develop Islamic loans by the increasingly removing the remainder antique loans facets from within this new Islamic fund business.
Same as good cofferdam, starting a space to own Islamic fund to grow requires the feature to likewise remain principles out of Shariah-compliance when you’re operating within this Canadian rules and you may adopting the laws of your land as much as you can easily versus cracking Islamic values. It is far from the end county but one step on a holiday for the a world without riba.
Because the a professional, an actuary, and you may a practicing Muslim, We intend to complete myself towards the highest possible standards away from elite make, visibility and you can God-fearing honesty through this excursion, and that i anticipate my fellow Canadian Muslims joining myself about this excursion.
Tale Behind All of our Sign
The new EQRAZ sign is created as the an 7-sided Wipe-el-Hizb, plus understands as Islamic Star, that is a very important Islamic icon which had been always aid in the newest recitation of your own Qur’an and you may, therefore, named a significant part of good Muslim’s big date-to-day lifetime. Its reported that ???? , the fresh Arabic keyword to have green, can be used with its different forms eight moments from the Holy Quran so you’re able to show the fresh eight gates so you can Jannah (heaven), which can be also depicted of the 7 sides of one’s Wipe-el-Hizb.
In the contour, EQRAZ is created inside the ancient Kufic software widely used inside Islamic works, which have emails created from upright traces and right angles. Mathematical and you may square Kufic shapes was in fact popular for the Islamic tissues. With this Kufic design inside the EQRAZ’s signal lovers this new EQRAZ brand having Islamic tissues or, said another way, Islamic housing EQRAZ’s prime team.
This new image together with represents EQRAZ’s intention so you can heed each other so you can Shariah and you may Canadian statutes and you will stability with no twists, transforms otherwise compromises. Told you another way, EQRAZ will be straight-forward and transparent using its clients, score conformity having Shariah requirements right, and you will attract all of our customers’ trust and sensitivities.
In the end, the brand new navy-blue colour of the brand new symbol represents breadth, assistance and you can balance. Which characterizes the quality of the people and you can system EQRAZ enjoys developed to incorporate the subscribers with its halal money points.