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Riba (Interest) Explained
What is Riba? Learn Why Interest is a Problem...
How Riba Works & It's Negative Impact on Society...
Halal Finance Training
What is Riba/Usury?
No Rent Rates, Fees or Other Payment Profit Schemes
How Real Halal Mortgage Payments Work!
Purchase Price: $200,000
Breakdown: Rehab, Fees & Permits: $150,000 / Profit Margin: $50,000
Final Sales Price: $215,000 (Includes Home Purchase Price + Title Company Transfer Fees and Real Estate Agent Commissions)
Payment Schedule
Cash Deposit: $30,000
Balance: Home Price - Cash Deposit = $185,000 / 5 Years = $37,000 Per Year
Monthly: $3083.33 x 59 Months = $181,916.47
Final Balance Payment: $3083.53 (60th Month) = 5 Years (Maximum Timeline)
* Failure to Pay: Reposession by Court Order. No Refunds.
** Payment Not Received by 5th of the Monthly Starts Reposession Order