A simple trading operation or a credit sale? The 570easi is a system that raises many questions among practicing Muslims. Is it haram or halal? What does it involve? In this article, we'll find out whether 570easi is halal or haram. haram.
Is 570easi haram?
As part of a loan classicif you want to buy a property, you have to go to the bank of your choice, and the latter lends you the necessary sum. With this money, you can buy the property of your choice, and in return, you can repay the capital to the bank borrowed plus interest. In Islam, interest is considered Rîba and is therefore illicit, in other words haram. Although interest is haram, trade is not.
On the other hand, in the Murabaha real estate financing system, instead of lending you money, the bank takes direct charge of buying the property. It becomes the owner of the property, and puts it up for sale at a higher price. This system is completely halal, a business like any otherIn other words, you buy a commodity at one price and resell it at a higher price to make a profit. If you want to own the property, you go to the notary with the bank, sign and become the owner.
Then you pay the first part of the price Where personal contribution. You'll pay the rest in monthly installments spread over several years, depending on the term of the financing contract. Typically, this is between 10 and 20 years. To answer your question, in Islam, 570easi is a simple trading operation, nothing haram.
Origin of the 570easi concept
This concept was invented by two great Islamic finance enthusiasts in 2010. It has become a market pioneerby the simple idea of offering financial solutions in line with Muslim ethics. It is dedicated to customers who want to make their projects a reality. without compromising its values and its ethics. In France, 570easi has been well known for its Murabaha real estate financing since its inception. It also owes its reputation to the many investment and savings solutions it offers. These have become increasingly accessible in recent years. It also offers diversified services to be closer to customers.
570easi has been in existence for 12 years now, working with a range of recognized partners in the market to produce solutions that meet the needs of Muslims in terms of property financing, as well as RIBA-free savings solutions that meet Islamic ethical standards.
In short, 570 easi is not haram as it is a simple business transaction. Admittedly, there are several harams in Islam, which is sometimes quite astonishing for those who don't know. Find out, for example, whether in turn trading is haram.
