Declining balance co-ownership financing arrangement

摘要: A Sharia compliant financing arrangement for home purchases and refinances that does not involve the payment of interest is disclosed. The a declining balance Co-Ownership in which limited liability affiliate party purchase, called co-owner, borrowing funds consumer, co-own residence through tenancy-in-common. consumer makes monthly payments to repay amount funded increases his or her real property residence, while correspondingly decreasing held by co-owner. Gradually, making payments, acquires full ownership residence. has two parts, profit an acquisition payment. portion applied consumer's interest, thereby increasing co-owner's property. rights are transferable secondary market investor.