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Welcome to Al-Mumin Housing Islamic Financing
Islamic Financing for First-Time Home Buyers and Refinancing
Shared ownership is a housing finance model developed to make homeownership more attainable, especially for first-time buyers or individuals with moderate incomes. This model allows buyers to purchase a percentage of a property, usually ranging from 25% to 75%, while paying rent on the remaining share. By lowering the upfront cost of buying a home, shared ownership provides a viable pathway to property ownership for those who might otherwise be unable to afford it.