CONFIGURING

Why?

In countries where traditional banking, investment, finance and insurance sectors are very developed, people generally buy products and use loans from these financial and insurance institutions, and Islamic banking is not very common, we present our STRUCTURING studies for your evaluation.

How?

Our STRUCTURING consultancy works; Trust, SPV, Agent Special Vehicles and Leaseback- Murabaha-Ijara-Mudaraba, Buy/Sell/Lease and Tawarruq (monetization) financing methods, which are compatible with Islamic finance models and criteria, are made.

We provide configuration for individuals who are satisfied with the financial product-credit-insurance plan ratios and conditions of financial institutions in the market, but want to make it compliant with Sharia.

Advantages

You don’t have to go through a tedious refinancing process; No credit check, assessment or proof of income required. This is not a refinancing, but a restructuring of your transaction.

The entire process only takes 7 business days and in most cases we can complete the configuration before your next payment is due. The best part: It costs significantly less than refinancing, aside from freeing yourself from Riba.

There is also what is called a successor beneficiary that can only obtain the property if you pass away. Many people add on this beneficiary if they have children, so that the property will automatically to their children without having to have a will.

EXACTLY WHAT HAPPENS IN THE CONFIGURATION?

The first rule in Islamic finance is the contract-contract, which indicates the intention to buy-sell-rent the assets or services you need. Our structuring method also changes the nature of the transaction with purchase-sale-leaseback or lease (murabaha and Ijara applications) contracts and practices.

The main transactions of the financial institutions that own the purchased or used financial product shall not be interfered with.

No Risk.

You will legally transfer the financial products you have purchased or will receive (100% owned by you) to your TRUST pool.

If you want to sell the house; Before the closing of the selling of the house, all the title and ownership will be transferred to you, and then transferred to the buyer. So on paper you will be the one selling the property. You will be required to pay off whatever is left on your loan balance. A profit gained from the sell is 100% yours.

Everything is Lawful

It will be very beneficial for you to protect the title deed of the real estate you bought with the mortgage, your loan agreements or insurance plans in this Trust. As you are the donor and beneficiary of this Trust, you have the same rights as a regular landlord. Thus, you can sell, transfer, lease or renew the assets in Trust as you wish.

Since you are the one giving the trust, you have full authority when you want to sell/rent/transfer.

Lenders/banks/funds/Insurance companies will continue to be investors, but you will no longer pay Riba. After configuration, your transaction will be restructured as an owned lease (Ijara) or buy-sell (Murabaha) transaction between you and the trust.

You will make payments to the Trust in return for the assets, loans, plans you have transferred to the Trust. Bank or insurance companies will be investors in the transaction and will receive their investment and receivables from the Trust.

Trust holders will authorize the Trust to pay for financial institutions (as purchase-sale-rent-use fee). The bank will invest in your assets and generate its profits through trading, such as renting or trading; they will earn their income not by money (riba), but by halal way.

We can structure not only the mortgage and other loans and insurance services you have previously received, but also your new financial needs in this model.

You can always choose the institutions, bank or insurance companies that provide mortgage loan and insurance services on the most suitable terms for you.

You do not need approval as you will be approved by banks or insurance companies for the configuration, after you open your private Trust, you will be able to legally make purchase-sale-lease-transfer-attorney contracts online.