Ijarah Fixed Finance - Thabet
Sharia Compliant Ijarah Fixed Finance
Now available!
Are you seeking a finance solution with a fixed rate throughout an agreed term? Look no further than our Ijarah Fixed Finance solution, ‘Thabet’. This product not only offers stability but also adheres strictly to Sharia principles, ensuring 100% compliance with Islamic finance principles.
What is Ijarah Thabet?
At Ijarah Finance, we offer a steadfast solution for your home financing needs with our ‘Thabet’ fixed-rate Islamic finance product. Unlike variable finance agreements affected by fluctuations in the RBA cash rate, our ‘Thabet’ product ensures your rental payments remain unchanged throughout the fixed term, providing stability and predictability.
There is ongoing discussion among customers and scholars regarding the necessity of fixed-term payment agreements. While opinions on fixed versus variable options vary, there is a reasonable consensus favoring fixed payments for specified terms agreed upon upfront between the customer and the finance provider.
At Ijarah Finance, we have listened to our customers’ feedback and designed the ‘Thabet’ fixed finance product to meet this demand for stability, aligning with scholarly perspectives that advocate for fixed-term financial agreements.
Explore Our Range of Ijarah Fixed Finance Facilities
Home Finance
Refinance
Low Doc - No Tax Return
Our fixed product range provides terms ranging from 2 to 10 years, ensuring consistent monthly payments at a fixed rate throughout the agreed-upon term, as approved by our underwriting team.
Frequently Asked Questions
1. Will my rate change whilst I am in my Ijarah Fixed (Thabet) Finance agreement?
No. Neither your rate nor your payment will change during the fixed term of your agreement.
2. How many years is the fixed rate term available for?
The fixed term can range from 2 years to 10 years.
3. Can I choose how long to fix the rate for?
Yes! You can choose to fix the rate anywhere between 2 to 10 years.
4. Can I make extra payments to pay off my Ijarah Fixed (Thabet) Finance early?
Yes, you can make extra payments to finish off the finance quickly during a fixed finance agreement with Thabet.
5. How much extra can I pay whilst the finance is fixed under Thabet?
There is no limit to the extra payments you can make whilst the facility is fixed under our Thabet product.
6. Can I make lump sum or large extra payments whilst I am in a fixed finance arrangement under Thabet
Yes you can pay lump sum payments at any time with no penalty.
7. Can I redraw extra payments during the fixed term?
No, you cannot redraw extra payments if you have made them in previous months with this product.
8. Can I get Commercial or Development Finance with Ijarah Fixed Thabet?
This is NOT available for Commercial or Development Property finance.
9. Can I get construction finance under the Ijarah Fixed (Thabet) Finance arrangement?
Construction finance is NOT available under our Fixed Finance Thabet product.
10. Can I have an offset account with my Ijarah Fixed Thabet agreement?
There is no offset account available for this product.
11. Can I payout early during the fixed term agreement without penalty?
Yes, you can payout and close your finance account early even whilst your finance is fixed under our Thabet product.
12. Is there a break cost with Thabet?
There is NO break cost with our Ijarah Fixed (Thabet) Finance and you will NOT incur fixed break fees if you close or payout whilst it is fixed.
13. Is this Sharia compliant?
Our Ijarah Fixed (Thabet) Finance is 100% Sharia compliant.
There is a scholarly opinion that maintains that this type of fixed agreement adheres to the highest standards of Sharia compliance. While there may be differing views among scholars, we have crafted our fixed product to align with this scholarly perspective and fulfill customer expectations. Contact our finance team today to learn more about our Ijarah Fixed Thabet product and enjoy the reassurance of stable payments unaffected by monthly RBA decisions.
Make an online enquiry with a few simple steps to get your application started and one of our experienced consultants will contact you.