Buy a Home
Your Path to Interest-Free Home Ownership
A transparent, interest-free home buying process designed around your values.
How it works
Kickstart your journey of buying a home without foregoing your faith and sacrificing the principles of Islam. Peek at this step-by-step look at our home-buying process:
- Review HalalBayt’s rules, guidelines, and financing structure to understand the halal homeownership process and member responsibilities.
- All home financing solutions are interest-free, Shariah-compliant, and certified by the Assembly of Muslim Jurists of America (AMJA).
- The model ensures transparency, fairness, and ethical dealings with no riba (interest) or hidden conditions.
- Become an HB member to begin your journey toward owning a home while staying true to your faith and values.
- Members submit a request to be added to the Active List, officially initiating their home-buying journey with HalalBayt.
- To qualify for placement on the Active List, members must maintain a bank account balance equal to 20% of their intended home purchase price.
- Once a member reaches the #3 position on the Active List, they are required to deposit the full down payment amount as per program guidelines.
- After the down payment is deposited, members receive an official occupancy letter and can confidently begin searching for a suitable home.
Buying a Home
Members must have 20% of their accounts to be included in the AL (Approved List).
If the member possesses less than 20%, that investment must be retained in their accounts when they submit the RFAL (Request for Approved List) and when the board reviews it.
Replace Mortgage
The process of RFAL ensures that an AHC member successfully gets their name appended to the Active List. Once the member completes the RFAL form and submits the necessary documents, their name will be added to the Active List without any delays.
Our Track Record
Process for Buying a Home
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Dividends are based on the lowest daily balance in your account during each dividend period.
Here’s how it works:
1st Period: January 1 – March 30
2nd Period: April 1 – June 30
3rd Period: July 1 – September 30
4th Period: October 1 – December 31
A small deposit of $2,000 from your account can make a difference by paving the way for you to earn Interest-free returns and allowing other members to buy homes or refinance without depending on interest-based loans. So, investing in HB is a smart move in comparison to placing your money in savings or checking accounts at conventional banks, which earn Interest and make your whole transaction against your faith.
A small deposit of $2,000 from your account can make a difference by paving the way for you to earn Interest-free returns and allowing other members to buy homes or refinance without depending on interest-based loans. So, investing in HB is a smart move in comparison to placing your money in savings or checking accounts at conventional banks, which earn Interest and make your whole transaction against your faith.
Process for Replacing Mortgage
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Dividends are based on the lowest daily balance in your account during each dividend period.
Here’s how it works:
1st Period: January 1 – March 30
2nd Period: April 1 – June 30
3rd Period: July 1 – September 30
4th Period: October 1 – December 31
A small deposit of $2,000 from your account can make a difference by paving the way for you to earn Interest-free returns and allowing other members to buy homes or refinance without depending on interest-based loans. So, investing in HB is a smart move in comparison to placing your money in savings or checking accounts at conventional banks, which earn Interest and make your whole transaction against your faith.
A small deposit of $2,000 from your account can make a difference by paving the way for you to earn Interest-free returns and allowing other members to buy homes or refinance without depending on interest-based loans. So, investing in HB is a smart move in comparison to placing your money in savings or checking accounts at conventional banks, which earn Interest and make your whole transaction against your faith.
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At HalalBayt, we focus on responsible home financing that supports families and communities. Our approach is transparent, fair, and designed for sustainable home ownership.
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Contact
contact@halalbayt.com
+1 630-489-1282
153 Williamson Plaza, 09514, New York
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