Auto financing has become incredibly restrictive these days as more and more banks and other lenders tighten their lending qualifications. However, you can find Islamic banking and interest free auto financing services in Dallas, TX and Whittier CA. You simply need to know what to look for in a quality lender. The right solution is available, and the information below will help you find the financing you need.

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During the great recession banks extended credit and funded home mortgages for people who could not actually afford the payments. This was especially true for those who took adjustable rate mortgages when rates were low and saw their payments skyrocket as rates increased. According to a report by the Federal Reserve, toxic mortgages; financial firms acting recklessly and taking on too much risk; and a mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with concurrent systemic breaches in accountability and ethics at all levels is what caused the housing bubbly that burst in spectacular fashion.

All of this would have been avoided if Islamic banking had been the standard across America.

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Buddhists, Hindus, Sikhs, Jews, Christians and Muslims are taught not to deal in Riba. For a Detailed Study on Prohibition of Riba in All World Religions and Philosophies please Click Here

OUR MISSION:

Building Bridges Between People of Different Faiths to Prosperity and Cooperation Through Riba/Ribbit-Free Financial and Banking Services.

WHAT IS RIBA/RIBBIT?

Riba (in Qur’aan/Islam) or Ribbit (in the Old Testament) is the act of RENTING the USE OF MONEY at a Price called Interest Rate. This concept of Renting the ‘Use of Money” is the origin of the word “Usury!” in contrast to today’s definition of “Usury” as excessive rate.

In Juaism, Christianity and Islam (and other faiths) renting the use of MONEY is prohibited.

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Latest News: ISLAMIC BANKS ESCAPE THE SUB-PRIME MORTGAGE CRISIS:

ALL ISLAMIC BANKS APPLYING Riba-Free Banking Policies Did Not Invest in Speculative Subprime Mortgages


Greed is Evil!, Credit is a Human Right, The Best of People are Those Who are Most Beneficent to Others, We Should NOT Rent Money and We Should Not Do Business with Socially Irresponsible Activities and Entities(e.g. Liquor Stores, unfair businesses, pornography, polluters and the like.) Making Money on Money Without Investing in a Tangble Asset may Border on Speculation and Gambling. Money is a Measuring Device, It is a Thing. The Use of Money Cannot be Rented. It ONLY can be Invested. The Success of that Investment is NOT Interest but the Rate of Return on Investment. IT IS ALL ABOUT PRUDENCE IN INVESTING and HONORING THE TRUST OF OUR DEPOSITORS & INVESTORS. IT IS ABOUT THE ETHICS OF DEALING WITH PEOPLE & THE RESPONSIBILITY OF BUILDING AND CARING FOR COMMUNITIES.

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Riba-Free Islamic Bankers are Required by Their Faith and Beliefs and are Expected to Adhere to the Strict codes of the Quraan, the Traditions of all God's Prophets including Prophets Moses, Jesus and Muhammad (S).

For a detailed study on Corporate Governance in Islam please Click Here

Gold and Silver were the foundations of Pricing, for example, Market Zakah and Dowery (Marriage Gift to the Spouce.) Many Central Banks & Th Feds Still refer to Gold as a Reference Standard. For More Details Please Click Here

 



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