Sharia Property Business
Many property businesses today adhere to Islamic sharia principles and are free of usury. Because the sharia property business sector does not include banks, there is no Checking for customers to facilitate transactions.
If you want to run a sharia property buying and selling business, you must know the following things.
- Mortgages can work with Islamic banks to buy and sell Islamic properties.
- There is no monopoly aspect, and the object of sale and purchase must be free from ambiguity.
- The land sold will be used according to Islamic teachings.
- Sharia schemes or contracts are used in every transaction.
- Bribes are clearly prohibited.
The Islamic property business is different from the traditional property business. Because sharia property is a business model based on the concept of buying and selling Islamic sharia. If you are not familiar with this business model, we recommend that you seek advice from a consultant first to ensure that the sharia concept is fully implemented.
Online Property Business
The online property business is now getting busier. Besides being called an online property business, crowdfunding is certainly very helpful for those of you who have financial limitations.
Simply put, an online property business is a digital joint venture with other investors or through a website . According to reports, you only need to deposit 1% of the property’s value as a down payment.
If you have 10 million, for example, you can look for properties in the range of 1 billion. However, you don’t actually own the land; in fact, you only have part of it.
The properties owned by this group of investors will be rented out to others. Based on the owner’s agreement, this rental profit will be given to investors through a profit-sharing scheme.
The amount will be announced at the general meeting of shareholders (GMS). Of course, an online property business is perfect for those of you who want to buy assets outside the area without the need to take care of all their own needs.
Things to note
Administration or legality is a very important consideration because it can affect the production process as well as buying and selling at a later date. At the very least, the legality of land certification and Land and Building Tax is well taken care of when starting the sale and purchase of sharia properties.
Make sure you complete all the permissions. The process of obtaining a construction permit for a residential property takes a long time. From position permits to land use permits, everything needs to be finalized. After that, the developer has to crack the certificate for each device.
The housing development process will continue to take longer. If you don’t have enough money, the business owner will set aside money from the first installment of the unit to fund the construction of the next unit.
In running a business, developers must prioritize customer satisfaction. Beautiful house designs, solid structures, and strategic residential positions are factors that affect personal satisfaction.