Ijara Community Development Corporation
4.3
(389 reviews)Non-profit Ijara home financing since 2005, helping thousands of families.
Profit Rate
6.9% – 7.5%
Min Down
20%
States Served
10 States
Overall Rating
4.3/5
About Ijara Community Development Corporation
Non-profit organization providing Ijara (lease-to-own) Islamic home financing since 2005. IjaraCDC focuses on helping Muslim families achieve homeownership through community-based financing.
Founded2005 (21 years in business)
Sharia CertificationISNA
Certified Since2005
HeadquartersChicago, IL
NMLS License#237865 — Verify on NMLS ↗
Products & Financing Structures
mortgage
Ijara Lease-to-Own Financing
Community-based lease-to-own Islamic home financing.
Profit Rate: 6.9%–7.5%Min Down: 20%Terms: 15, 20, 25, 30 years
Sharia Compliance: All products are structured to avoid Riba (interest), Gharar (excessive uncertainty), and Maysir (speculation) in accordance with Islamic jurisprudence.
Independent Rating Breakdown
Overall Score
4.3
Sharia Compliance
4.8
Transparency
4.2
Customer Service
4.1
Rate Competitiveness
4.2
👍 Recommended
Ijara Community Development Corporation scores highly on Sharia compliance verification and product transparency. Independently verified by the Fair Meridian team.
Ratings based on Fair Meridian's independent review process. Not influenced by advertising or provider payments.
Expert Verdict
Trusted non-profit provider with a strong community focus. Excellent for first-time homebuyers.
Sharia Advisory Board
Dr. Jamal Badawi
Sharia Consultant
PhD in Economics
Frequently Asked Questions — Ijara Community Development Corporation
Ijara Community Development Corporation serves 10 states. Check the states listed on this page to confirm your state is covered.
Ijara Community Development Corporation's current profit rates range from approximately 6.9% to 7.5%. Rates vary based on credit score, down payment, property location, and market conditions. Contact Ijara Community Development Corporation directly for a personalized rate quote.
Ijara Community Development Corporation primarily uses Ijara financing, a Sharia-compliant structure that eliminates compound interest.
Ijara Community Development Corporation requires a minimum down payment of 20%. This is standard for most Sharia-compliant home financing providers in the US. Contact Ijara Community Development Corporation for details on any programs that may allow lower down payments.
Yes. Ijara Community Development Corporation is independently verified and certified by ISNA that reviews all products and contracts.
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