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FIRST HOME BUYER

The first step is to get your finances sorted. First do a calculation to find out how much you can borrow to buy your dream home. Next…..

Contact with us
Know your borrowing capacity
Apply for pre approval
Research the property market
Get free property report from us
Provide purchase contract to us

INVESTMENT IN PROPERTY

As Muslims we become more religiously inclined, it is their responsibility to strictly ensure that their investments are only in accordance to Shariah. An investment property is real estate purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both. Therefore, for the Muslim investor, it is going to be the same approach, through halal real estate investments. Investors are being provided with an opportunity to earn investment proceeds in a halal manner. Furthermore, it also allows investors to be a part of real-estate projects that can benefit the community.

REFINANCE TO ISLAMIC LOAN

As Muslims we consider that Islam prohibits receiving or paying interest. Accordingly, alternative acquisition structures have been developed which comply with the rules of Islam as interpreted by Shariah scholars, but which do not involve the payment of interest to the finance provider. Shariah scholars allow transactions to have similar economics to debt, provided they do not involve borrowing money or paying interest. Muslims who consider that paying interest is religiously prohibited of course, refinance by taking out a Islamic finance is the best way by paying rent instead of interest.

FAQ

Why invest in property?

Australians are among the most active property investors in the world, with an average of one in every three new mortgages each month arranged for investors. Most of these investors are ordinary people with ordinary jobs earning ordinary incomes. So, why is property investment so popular? Capital growth. Capital growth is the increase in value of property over time and the long term average growth rate for Australian residential property is about 9% a year. Importantly, because property markets move in cycles, property values go through periods of stagnation as well as decline. This is why taking an investment view of at least 10 years is important. Note: if your investment property increases by 7.5% a year, over a 10 year period it will double in value.

What is halal investing to begin with?

Halal investing requires the investor to know all about investment products, how they work, and then it is possible to assess if the investment is in line with Islamic finance principles. Investing in property can be a great way for Muslims to invest. The only caveat is that if a mortgage is obtained it is deemed to be a halal mortgage without any element of riba.

How much money can I borrow?

We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances.

How much do I need for a deposit?

Islamic finance require 10% of the value of a property, Speak with us to discuss your options for a deposit. You may be able to borrow against the equity in your existing home or an investment property.