In India, an Islamic P2P (Peer-to-Peer) lending facility is by definition a loan which granted by private investors using and Islamic P2P platform for Muslims and non-Muslims who want to borrow money by following the Islamic finance rules being sharia compliant.
In India, an Islamic P2P loan is dedicated to satisfy the demand of Indian borrowers who are implementing an ethical approach when borrowing cash as they opt for respecting the financing principles of the Islamic religion.
In India, a halal peer to peer finance procedure follows the mechanisms of Islamic lending which is mainly documented legally through a Murabaha agreement which settles the terms and conditions of the payments of an India goods purchaser.
In India, Islamic P2P lending follows the Murabaha principles with no interests but with ownership transfer of the bought goods to the investors at the beginning of the transaction, after repayment of the loan a mark-up or profit will be paid by the borrower who will then own the financed goods.
PERSONAL LOAN DEBT CONSOLIDATION BUSINESS LOAN MORTGAGE LOAN STUDENT LOAN CAR LOAN MEDICAL LOAN BAD DEBT LOAN LIST P2P SITES FOR START-UP LOAN FOR WEDDING FOR FARMER FOR HOUSEWIFE FOR UNEMPLOYED FOR DISABLED FOR POOR PEOPLE FOR ELDERLY P2P CAR SHARING P2P INSURANCE ISLAMIC P2P ISLAMIC P2P ISLAMIC P2P P2P BITCOIN POWER TRADING P2P HOME SHARING P2P PAYMENT LOAN WITH BAD CIBIL SCORE P2P CLOTHING RENTAL P2P OFFICE RENTAL LIST OF P2P LENDERS LIST OF DIGITAL LENDERS LIST BANNED LOAN APPS P2P NAPPING P2P DONATION P2P CRYPTO LENDING