How to save up for a home loan the halal way
The Hejaz Hejaz Islamic Deposit Builder Investment Account is a unique investment option that helps Muslims in Australia to achieve their goal of home ownership. This innovative solution combines the principles of halal investing with the practicality of saving for a home deposit. The investment funds are used to invest in a variety of halal assets and the return on investment is distributed to the investors, with a portion set aside for the home deposit.
The investment accounts also provide a steady stream of income, which can be used to save for a home deposit. By pooling resources, the investment accounts provide a practical and convenient way for Muslims to achieve home ownership, while aligning with their faith and values. Additionally, this investment option offers the security of investing in a variety of assets, reducing the risk.
For those who are not yet ready to buy a home, the Islamic Home Deposit Builder Investment Account is a great way to start saving for the future. To see how much you can potentially save, see our calculator. Part of the investment fund is used to provide halal home financing through the Ijara method, which involves leasing an asset to a customer with the option to purchase at the end of the lease term. This way, eligible borrowers can accumulate funds towards the purchase of a property without the use of interest, which is prohibited in Islam. It also lets investors earn a halal income while also supporting other Muslims to become homeowners. If you are interested in applying for a loan you can apply here or find out more about Hejaz Gold and Hejaz Essential Home Loan product.
In conclusion, the Islamic Home Deposit Builder Investment Account is a practical and viable option for both Muslims who are ready to buy a home and those who are not ready but need to save up. By starting today, you can turn your dream of home ownership into a reality, using principles that are in line with your faith and values.
The information presented above is prepared by Hejaz Financial Adviser Pty Ltd (ABN 49 634 683 613; AFSL 517686). It provides general information only, which means it does not take into account your individual objectives, financial situation, needs or circumstances. Before making any financial decision, you should assess whether the information is appropriate for you. You should also seek appropriate financial advice tailored to your needs before making any financial decisions. This information is not an offer or recommendation to make any investment or adopt any investment strategy. Past performance is not a reliable indicator of future performance.