September 13, Santa Ana, USA: Folks from the Muslim community may need financing to purchase a home, just like any other homebuyer. However, interest payments are “haram” or prohibited by Islamic or Shariah law. This is what gave rise to an alternative form of home financing for Muslims, which is the halal mortgage. Only a handful of property financing firms offer it in the USA, and ALT Financial Network, Inc. is one of them.

ALT Financial Network, Inc. is a full-service mortgage broker in Southern California, providing fast, efficient services at surprisingly competitive rates for its valued customers. The people at ALT Financial Network, Inc. are proud of the excellent customer service they have in place, which has kept the firm in business for decades.

The halal mortgage is a home financing option that adheres to Shariah or Islamic law. They do not include any form of interest payments because they are prohibited or “haram” by their religious norms. Instead of interests, halal mortgages adopt a profit-sharing model or lease-to-own model, with the bank and borrower sharing the risk and return on the property.

Albert Hanna, the CEO of ALT Financial Network, Inc., said, “Halal mortgages are more than just a form of Islamic home loan. Halal mortgages build a relationship of mutual benefit where the bank shares property ownership until the client repays the loan in full. We have a friendly team in place to guide you through the whole loan process.”

He continued, “Our halal mortgage services provide competitive rates and are faith-driven, allowing our Californian customers to purchase or refinance homes without compromising religious beliefs. Expert support, excellent helpline, zero interest, and English/Arabic speaking loan officers simplify the process of securing a halal mortgage.”

Halal mortgages facilitate a seamless home purchase for the Muslim community spread throughout California. With Sharia-compliant financing from ALT Financial Network, Inc., prospective homebuyers can purchase a home ethically, adhering to Islamic principles.

About the firm

ALT Financial Network, Inc. is a full-service mortgage broker in Southern California, providing fast, efficient services at competitive rates to its valued customers.