Tell us about your vehicle and current loan, and we will be in touch about converting it to riba-free financing.
Ijara™ Fee Agreement
The Borrower named above, hereafter referred to as “applicant(s)”, have requested to apply for a residential mortgage conversion from a participating lender utilizing the Ijara™ Lease to Own program, a Sharia Compliant transaction. Applicant(s) acknowledges and agrees to the following: 1) The monthly administration fee for the Ijara™ transaction is $7.50 and is added to your monthly payment.2) You must have a checking account or savings account that can be electronically debited on a monthly basis via ACH transaction on either the 1st or the 5th of each month. By signing on the next page, the applicant acknowledges receipt of a copy of this signed Agreement.
