EASYHOME – BASED ON MUSHARAKAH
EasyHome – Get your home in the halal way with EFSOL
EasyHome is a shariah-compliant financing product that allows you to buy your dream home sooner. With no waiting lists or vesting periods, EasyHome is the answer to your prayers. The contract is based on a fixed ‘musharakah’ based method known popularly in Islamic finance as ‘musharakah mutanaqisah’. This is closely translated as ‘declining balance partnership’. Basically, we contribute up to 80% of the property price, which is paid back by fixed monthly installments over a 30 year period.
- 100% Shariah-compliant — Musharakah
- No Waiting List
- Minimum 20% contribution required
- Share profit/loss proportionately.
- Finance term up to 30 years
- Unlimited free extra repayments
- Bad credit history? No problem!
At EFSOL, we try our best to offer financial solutions that are free of riba (interest) and in full compliance with the Shariah Laws along with Australian Laws.