Is bank loan Halal or Haram?
In Islam giving or taking interest is not allowed, thus if the loan you are taking from a regular bank then its haram. But if the loan is from a Halal Finance institution in Australia then it’s permissible and you can takes such loans. Ijarah Finance is the best place for you to get such loans in Australia and benefit from it. If you are also interested in Halal Car Finance or house then we are always open for you.
What are advantages of choosing halal finance?
Help to lessen the harmful practice
Anything which is forbidden in Islam is not allowed to for any kind of transaction. Example- pork, alcohol, gambling etc. It does not matter whether these things are legal or not legal in the country they are in if it is not allowed then no transaction will do on these.
Mostly the other financial arrangements looks at profit maximization but in shariah there is financial justice. In Halal Finance they share profit / loss risk which is involved in equal manner. Justice is a very basic thing in Halal Finance in Australia. Ijarah Finance is the best option for you to get halal loans, thus if you are looking for any kind of Halal Car Finance Australia options or loan for a house then Ijarah Finance is the best option for you to do that.
Provide more stability in investments
Mostly the normal working of a regular bank or any finance giving institution can be very burdening for many people. But this do not happens with Halal Finance in Australia, Ijarah Finance provide more stability in investments as compared these regular banks. As many types of audits and analyses are done with Halal Loans so the risk of any kind of investment instability chances are very less.
Helps in economic development
Halal Finance in Australia also has the goal of profit and growth but for that they choose a very different way. They choose to invest or provide loan to businesses by looking there growth potential.
Thus in the Islamic banking industry, each bank will invest in promising business ventures and attempt to out-perform its competitors, in order to attract more funds from its depositors. This will eventually result in a high return on investments both for the bank and the depositors. This is unlikely in a conventional bank, where depositors redeem returns on their deposits based on a pre-determined interest rate.
Who can apply with us?
Anyone can apply for Ijarah Finance however approval is subject to the client meeting the financier’s selection criteria. Applications are open to:
- Australian Citizens
- Permanent Residents
- Non- Citizens
You will be required to provide certain documentation in order to have your Ijarah Finance approved.
We have many types of islamic finances. Choose Ijarah Finance for any kind of halal loans in Australia. Contact us today for more detailed information on Halal Finance.
Choose Ijarah Finance for any kind of halal loans in Australia. Contact us today for more detailed information on Halal Finance.