Partnership-Based Financing
How It Works
- Co-Ownership Model: Our financing solution involves co-owning the property with our clients. As clients increase their equity in the property, their rental payments decrease, reflecting their growing ownership share.
- Shared Rental Payments: Clients make monthly payments that are divided into equity contributions and rental payments. Over time, as clients’ equity increases, their rental payments decrease until they achieve full ownership.
- Annual Equity Assessment: We conduct annual assessments of the property’s equity to ensure fair and accurate distribution of ownership shares.
Avoid Interest(Riba)
Our financing models ensure that you do not engage in interest-based transactions, in compliance with Sharia law.
Partnership-Based Financing(Musharakah)
Enter into a co-ownership agreement to share the ownership of the property, taxes and HOA. Gradually buy out the housing cooperations share over time.
Lease-to-Own(Ijarah)
Lease your home from us with an agreement to purchase it at the end of the lease period, providing you a path to ownership without interest.
Contracts Stay with Al Mumin – No Third-Party Sales
The contracts will not be purchased or bought by a third party based financing.
Annual Equity Recalculation
Based on the new property assessment, the calculator adjusts the equity shares of both parties. This means your ownership stake will increase proportionally as you continue to make your payments.
Equity Growth and Payouts:
At Al Mumin Housing
- Expert Guidance: Our team of experts is knowledgeable in both Islamic finance and real estate markets, ensuring you receive the best advice and service.
- Innovative Solutions: We continuously strive to develop innovative financial products that meet the evolving needs of our clients while maintaining strict adherence to Islamic principles.
- Customer-Centric Approach: We focus on your needs and work diligently to provide solutions that are both ethical and effective.
- Comprehensive Support: From initial consultation to final ownership, we support you at every step of your home buying or refinancing journey.
- Commitment to Your Success: We are dedicated to helping you achieve financial success in a way that aligns with your faith. Your goals are our goals, and we work tirelessly to support you every step of the way.
Ann XYZ
CEO, ABC
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