IjaraCDC Stated-Income Investment Property Financing

Portfolio-investor program: qualify on liquid assets (ATR-in-full) or asset depletion, with no income documentation up to 75% LTV on non-owner/second homes. Cash-out possible 1 day off MLS; unlimited gift funds; seller carry possible; non-warrantable condos and foreign nationals OK; no prepayment penalty; can finance investors owning 20+ properties. Available in 24 states.

Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor.

Yes. IjaraCDC Stated-Income Investment Property Financing is available in Maryland and 23 other states. Verify current availability directly with the provider.

IjaraCDC's Shariah compliance is overseen by: IjaraCDC maintains a standing Sharia Advisory Board chaired since 2012 by Mufti Muneer Ahmed Akhoon - Karachi-trained (he studied under Taqi Usmani, among others) and Director of Religious Affairs at the Westchester Muslim Center in Mt. Vernon, NY - who issued the current fatwa on the finance documents. Shaykh Mufti Mohammed-Umer Esmail, a Canadian-born scholar with 13 years of formal Shariah study who also trained under Justice Taqi Usmani, has served as Sharia Advisor since 2009 and issued the fatwa for the Conversion Product; Imam Yahya Abdullah (joined 2013) and Imam Mohamed Radwan Mardini (joined 2015) complete the board. The underlying Lease to Purchase contract carries a documented fatwa lineage: the original 1995 Dallah Al Baraka fatwa (Sh. Muhammad Taqi Usmani, Sh. Nizam Yaquby, Dr. Abdus Sattar Abu Ghuddah, Sh. Abdullah Al Mannae), updated in 1997 for the United Bank of Kuwait's Al-Manzil program, in 2003 for University Bank (Yusuf DeLorenzo, Nizam Yaquby), reviewed in 2006 by Dr. Ahmed Shleibak, extended in 2009 with Esmail's Conversion fatwa, and reissued in 2012 by Akhoon. The current fatwa is downloadable in English, French, and Spanish, and IjaraCDC states the approval covers use in both the USA and Canada. Two honest caveats: Taqi Usmani approved the original 1995 contract but does not serve on IjaraCDC's board (the site says so explicitly), and the primary contract documents - trust agreement, lease, and Promise to Purchase - are released for review only under a signed NDA.. Sharia Advisory Board chaired by Mufti Muneer Akhoon. Shaykh Mufti Mohammed-Umer Esmail serves as advisor..

IjaraCDC Stated-Income Investment Property Financing uses a Ijara structure. This is a Shariah-compliant financing arrangement that avoids interest (riba).

You can apply for IjaraCDC Stated-Income Investment Property Financing directly through the provider's website. Visit their official site to start your application, check current requirements, and get personalized information for Maryland residents.

Yes. Maryland has state income tax rates up to 5.75%, plus county income taxes ranging from 2.25% to 3.2%. The combined rate can reach nearly 9%. Halal investors in Maryland should strongly consider tax-advantaged retirement accounts.

Yes. Maryland is one of only a few states with both a state estate tax (estates over $5 million, 2026) and a 10% inheritance tax on certain non-lineal heirs. Transfers between spouses, parents, children, and siblings are exempt, but transfers to others (e.g., cousins or in-laws) are taxed. Islamic estate plans should account for both the estate tax threshold and the inheritance tax when distributing per Faraid.