Ijara financing is a “rent to own” sale of the property to the customer. 

All you need to do is:

• Identify the home you would like us to purchase on your behalf. 
• Negotiate the price and other aspects of the purchase. 
• Make any initial payment of earnest money to reserve the home.

The Bank purchases the property and places ownership in a holding entity.  You agree to purchase the property over time, at cost.  Title to the property is transferred to you after you pay the full cost of the property over time.  Because you are using property you do not own, you also pay rent.  You may choose the rental adjustment period. 

This product is very flexible, but is more complex and has some additional costs to establish and maintain the arrangement. The payments you make will be very similar to those that you would make on a conventional adjustable-rate mortgage.  If there is sufficient value in the property, you may also use it to establish a Shariah-compliant line of credit. 



Equal Housing Lender
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