Welcome to Mubarak Mortgage
مرحبا بكم في مبارك للرهن العقاري
Bienvenido a la hipoteca de Mubarak
Ku soo dhawoow Mubarak Mortage
مبارک رہن میں خوش آمدید
Islamic Finance
Islamic Home Finance Made Easy
Mubarak Mortgage provides cost-effective, trustworthy, and Sharia-compliant Islamic financing and home loans. Rely on our expert halal mortgage specialists who will accompany you throughout the entire process, offering competitive rates and exceptional personalized service.
Get StartedAbout Us
Mubarak Mortgage provides cost-effective, trustworthy, and Sharia-compliant Islamic financing and home loans. Rely on our expert halal mortgage specialists who will accompany you throughout the entire process, offering competitive rates and exceptional personalized service.
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What is Islamic Home Finance
Islamic home finance refers to a type of home financing that adheres to Islamic principles and Sharia law. In Islamic finance, the concept of interest (riba) is prohibited, and transactions must be structured to comply with Islamic ethical and legal guidelines.
In the context of home finance, Islamic banks and financial institutions offer Sharia-compliant alternatives to traditional mortgage loans.
One common Islamic home financing method is known as Murabaha. In a Murabaha transaction, the bank purchases the property on behalf of the customer and then sells it to the customer at a higher price, allowing the customer to pay in installments.
Another popular Islamic home financing method is Musharakah, where the bank and the customer enter into a joint partnership to purchase the property.
Both parties contribute funds, and the customer gradually buys out the bank's share over time.
It's important to note that Islamic home finance aims to provide financial services while complying with Islamic principles, ensuring that transactions are ethical and interest-free. Islamic finance products are designed to be equitable, transparent, and based on risk-sharing principles.
Murabaha
In a Murabaha transaction, the Islamic bank purchases the property on behalf of the customer. The bank then sells the property to the customer at a higher price, with the understanding that the customer will pay in installments.
Get StartedBuying Process
Learn about the Islamic home buying process and how you can get started. We want you to learn and understand the home buying process and get the home of your dream.
Fatwa
What is a Fatwa? a Fatwa is a legal ruling on a point of Islamic law (sharia) given by a qualified Faqih (Islamic jurist) in response to a question posed by a private individual, judge or government.
Mubarak Mortgage
Mubarak Mortgage provides cost-effective, trustworthy, and Sharia-compliant Islamic financing and home loans.
Application Process:
Apply with Mubarak Mortgage.
Receive pre-approval and Islamic Agency Agreement.
Property Purchase Steps:
At closing, provide the down payment.
The balance of the Murabaha debt will be paid in installments as agreed. You will have the title/ownership to the property at closing.
Closing Process:
Shop for and Identify your property with your realtor.
Mubarak purchases the property from the seller. Mubarak sells the property to you in a deferred installment agreement.
No Interest Structure:
Transactions are structured to avoid lending money, eliminating interest.
No promissory note with an interest rate is involved.