INDIA ISLAMIC PEER TO PEER LENDING WITH NO INTEREST INDIA ISLAMIC P2P MURABAHA LOAN
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.