Rural Property Ijarah Finance
Looking to Purchase a Rural Property? You can do so using Ijarah Islamic Finance!
Our Rural Property Ijarah Finance product can assist you in purchasing or refinancing metro & non-metro rural properties up to 100 acres for personal or business investment purposes. Cash out can also be considered under this product. These types of properties are more lifestyle properties and must be in an approved postcode area for funding.
These contracts are Islamic compliant and essentially operate as an Ijarah Finance facility. Both Full Doc and Low Doc options are acceptable. Contact us today to find out more about our Rural Property Ijarah Finance products that work within Islamic Finance parameters.
How Does Ijarah Finance for Rural Property Work?
Ijarah Finance follows Islamic financial principles. This means that you can get home loans for rural properties that do not follow interest-based lending models. In other words, your property purchase will fully align with Sharia law.
At Ijarah Finance, we embrace a lease-to-own model, which means we purchase the property on your behalf and lease it to you over an agreed term. For the duration of the lease term, you make rental payments, and at the end of the term, you have the option to purchase the property
This is an ethical way of providing rural property finance that entirely avoids engaging in usury. This transparent financing method means you can have peace of mind while still being able to invest in your future.
What Types of Rural Properties Qualify?
The rural property finance we offer apply to both metro and non-metro rural properties up to 100 acres, as long as they fall within approved postcode areas.
Some eligible properties include:
- Lifestyle rural properties: Perfect for those looking to reap the lifestyle benefits of living in a peaceful country setting.
- Agricultural and hobby farms: These rural properties are ideal for small-scale farming or personal agricultural activities.
- Investment properties: Some rural homes or land might be purchased for rental income or capital appreciation purposes.
If you’re unsure whether your desired rural property qualifies for Ijarah Finance rural home loans, get in touch with our team for assistance.
Why Get Home Loans for Rural Properties Through Ijarah Finance?
- Sharia-compliant financing
With us, you can be assured that you are not breaking any Islamic laws. There are absolutely no interest-based lending (riba) practices involved in anything we do.
- Ethical and transparent process
Every aspect of our rural property finance is structured according to Islamic finance principles. This means you can rest assured it is ethical and transparent.
- Flexible documentation options
We understand that the administrative burden can be heavy for borrowers. To help you invest in your future more easily, both Full Doc and Low Doc applications are considered.
- Refinancing is available
If you already own a rural property and want to switch to a Sharia-compliant finance structure, we will be more than happy to assist you.
- Cash-out facility
Subject to approval, you may be eligible for cash-out under this product.
Our financing options are made to keep with Islamic principles while assisting you in achieving your real estate objectives.