Surah Maryam verse 71 is intended for everyone including Muslims or only non-Muslims

Muslimcreed - Islamic financing, or sharia-compliant finance (SCF), refers to any financial transaction that complies with Islamic law and does not involve any interest payments or investment in alcohol or pork products. Under sharia law, the profit from business belongs to the business owners, so there’s no middle man between you and your profits; however, you can still borrow money to help your business grow at an affordable rate of return through an Islamic loan. While Islamic loans are not as common as other types of loans, they have many benefits that might make them worth considering if you’re looking for a business loan.

Understanding Shariah-Compliant Loans

Islamic financing or Shariah-compliant financing is a type of Islamic alternative finance that’s primarily offered by institutions called takaful companies and Islamic banks. Shariah-compliant loans are designed to comply with Islamic law, which prohibits the collecting or paying interest on debt.

Shariah-compliant loans come in various forms, including murabaha (cost plus profit), ijara (lease), musharaka (joint venture) and salam (interest free loan). A key difference between Shariah-compliant loans and traditional bank loans is that a Shariah-compliant loan cannot be considered collateralized as the lender doesn’t technically own the asset being purchased with the funds from the loan.

 If you want to open a business or expand your existing one, you may find that taking a Shariah-compliant loan makes sense for your business. Whether you’re buying equipment, inventory or real estate, it can be hard to secure financing from mainstream financial institutions. When no other type of Islamic loan is available, a merchant cash advance may be your best option.

The Advantages of Shariah-Compliant Loans

Shariah-compliant loans are a popular option in the Muslim community. They are often referred to as Islamic loans because they adhere to Islamic law. There are three key reasons why you may want to consider an Islamic loan if you're thinking about starting a business. 

1) The first major advantage of Shariah-compliant loans is that they have a smaller interest rate than those offered by traditional banks. Most financial institutions charge between 12 and 18% interest, but Shariah-compliant lenders will only charge 3 or 4%. 

2) A second major benefit of Shariah-compliant loans is that the repayment terms are flexible and fair.

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 3) A third key advantage is that Shariah-compliant loans are structured differently than traditional loans. They work on a profit-and-loss sharing model, instead of being based on interest. 

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How to Qualify for a Shariah-Compliant Loan

The first step to qualifying for a sharia-compliant loan is to understand what it means. A sharia-compliant loan is one that adheres with Islamic principles and law, which includes the prohibition of interest on loans. Sharia-compliant loans are also structured as a profit sharing contract between the lender and borrower. This type of financing provides more flexibility than traditional financing options because it can be repaid early without penalty or refinanced with another lender if you want a different term or a lower interest rate. 

The second step in securing a sharia-compliant loan is finding an Islamic financial institution that offers these loans. There are many such institutions located in both the United States and around the world, so you should be able to find one near your business location.

 The third step in getting a sharia-compliant loan is filling out and submitting your loan application. This can be done online, over the phone, or by mail. Typically, you’ll need to provide proof of your personal information, including identification and address. You’ll also need to include details about your business and how you plan on using any money you borrow from a sharia-compliant lender.