Every closing can support your masjid or school
ijaraCDC.com is pleased to announce its community support programme. Enrol your local community centre, masjid, school or any non-profit of your choice, and every transaction they refer turns into a donation.
Get started
Five steps, from enrolment to ongoing donations
The non-profit enrols once, at no cost. From then on, any customer who names them at the point of application generates a donation — once when the transaction closes, and again every month for as long as that customer stays with us.
Register the non-profit
The non-profit registers with ijara CDC. Community centres, masjids, schools and any other non-profit of your choice are eligible.
Customers name the referral
Customers notify the licensed ijara representative that they were referred by the non-profit enrolled in the programme, at the time of application.
One-time donation on closing
ijara CDC makes a one-time donation of $250 for each residential transaction and $450 for each commercial transaction that closes with the referred customer.
Monthly donations continue
On top of the one-time donation, ijara CDC donates $3.00 per transaction each month for as long as the referred party remains a customer. A non-profit that has referred 100 customers over several years would receive $300 every month.
Realty services add more
Should the customer also use the services of Ijara Realty, LLC, an additional donation of up to $1,000 is made to the non-profit.
Have more questions? Don't hesitate to reach us
Our team answers by phone or email during business hours, and a pre-qualification takes about ten minutes.
How is this different from a mortgage?
ijara CDC co-owns the property with you and sells you its share over time. There is no riba, because there is no debt instrument — the agreement transfers ownership, not money at a rate.
What does a monthly payment cover?
Two parts: your use of the share ijara CDC still owns, and the purchase of an additional slice of that share. The second part grows as your ownership grows.
How long does pre-qualification take?
About ten minutes, and it does not affect your credit.
Can I pay off my share early?
Yes. Additional payments buy more of the co-owned share and carry no penalty.
Which states does ijara CDC serve?
More than 20 states across the USA, alongside Canada. Contact us for the current list and the requirements where you live.
Who reviews the contracts?
The Sharia Advisory Board and real estate counsel review the structure and the documents before signing.
What can I finance?
Residential and commercial property, residential and auto conversions, investment opportunities, and the ijaraCDC partner broker program.