IjaraCDC FHA Home Financing

FHA program with Sharia-compliant Ijara structuring. 3.5% down with credit scores as low as 520 - the most accessible credit floor in halal home financing. Primary residence only (1-4 units, condo, townhouse, PUD, manufactured); 2 years employment history; maximum amount varies by county under FHA limits. The home sits in a single-asset grantor trust with you as trustee and beneficiary, you pay rent-on-property instead of interest, and title transfers for $1.00 at the end of the lease.

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

Yes. IjaraCDC FHA Home Financing is available nationwide, including Wisconsin. 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 FHA Home Financing uses a Ijara structure. This is a Shariah-compliant financing arrangement that avoids interest (riba).

You can apply for IjaraCDC FHA Home Financing directly through the provider's website. Visit their official site to start your application, check current requirements, and get personalized information for Wisconsin residents.

Yes. Wisconsin is a community property state under its Marital Property Act. Assets acquired during marriage are generally owned equally by both spouses, which can conflict with Faraid inheritance distribution. Wisconsin allows 'marital property agreements' (similar to transmutation agreements in other states) that can realign ownership for Islamic estate planning.

Yes, with a notable break for long-term investors. Wisconsin has a graduated income tax with a top rate of 7.65%, but it allows a 30% exclusion on long-term capital gains (60% for qualifying farm assets), so only 70% of a long-term gain from halal ETFs or funds is taxed. Wisconsin has no state estate or inheritance tax.