Islamic law forbids the renting of money through paying interest (usuary or Riba). How does a practicing Muslim who lives by this code obtain a mortgage? Receiving a mortgage is obviously predicated on your willingness and ability to pay interest to the lender. Many banks now offer programs that have been created to help these individuals get into homeownership without compromising their beliefs.
We work with multiple banks that have been offering Islamic Financing designed to avoid conventional interest common in traditional loans to the muslim community in Texas for home purchases and refinancing from traditional loans.
The Islamic financing specialists at these banks will help you every step of the way and explain you in detail how our product works and strive to provide you with the highest level of customer service.
Home financing is available for varying terms and financing amounts. Murabaha financing is offered in Texas and is applicable to homes sold in Irving, TX, Las Colinas TX, Frisco TX, Plano TX, Coppell TX and other Dallas metro area new builder construction homes.
There are new homes builders in Irving Las Colinas TX area that are offering new construction homes close to Valley Ranch Islamic Center like Silverleaf community by new home builder Grand Homes.. The Valley Ranch Islamic Center is located in Irving, Texas. Its location puts it in the center of the DFW metroplex with easy and quick access to major highways, DFW International airport, and high-end shopping centers and restaurants.
VRIC serves the Muslim communities of Valley Ranch, Las Colinas and Coppell, along with other neighboring cities.