ISLAMIC PRIVATE LOAN

 

HALAL PRIVATE LOAN

Halal private lending is a option of funding which allows a private person to lend to another private person cash in the context of sharia compliant finance based on Islamic finance.

An Islamic private loan is only sharia compliant if there is a tangible investment made by the borrower underlined by goods or services which are also sharia compliant and would become haram if the money is dedicated to debt consolidation for example.

Islamic private lending will have also to be documented through a sharia compliant loan agreement which makes sure that it is without interest and that profit as well losses of such a loan facility are shared among the lender and the borrower.


PRIVATE BORROWING

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PRIVATE BORROWING