IjaraCDC Down Payment Assistance Programs

Multi-state down-payment assistance paired with Ijara financing: Chenoa Fund (3.5% or 5%, FICO 600, no income limits) and FHLB Dallas HELP grants, plus 13 state programs (AR, AZ, CO, CT, FL, GA, ID, IL, IN, MA, MI, TN, TX, WA) with grants and deferred/forgivable loans up to $150K (WA Covenant). DPA permitted where at least 3% of the initial payment on account is presented.

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

Yes. IjaraCDC Down Payment Assistance Programs is available nationwide, including Oregon. You can apply directly through the provider's website.

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 Down Payment Assistance Programs uses a Ijara structure. This is a Shariah-compliant financing arrangement that avoids interest (riba).

You can apply for IjaraCDC Down Payment Assistance Programs directly through the provider's website. Visit their official site to start your application, check current requirements, and get personalized information for Oregon residents.

Yes. Oregon has one of the lowest state estate tax exemptions in the country - just $1 million (far below the federal threshold). Estates above that amount are taxed at rates from 10% to 16%. Islamic estate plans in Oregon should factor this in when distributing per Faraid, especially for home equity and retirement accounts that can push modest estates over the threshold.

Yes, at some of the highest rates in the country. Oregon's graduated income tax reaches 9.9%, and capital gains from halal investments are taxed as ordinary income. The trade-off: Oregon has no state sales tax. Tax-advantaged halal retirement accounts (IRA, 401(k)) are especially valuable for deferring Oregon's high rates on investment growth.