Walton Global, is proud to announce the first closing of a shariah compliant financing facility within its successful U.S. Homebuilder land financing program. This close brings the total amount the company has deployed into its Builder Land Finance program to more than $180M. Walton looks forward to expanding on this pilot launch and in so doing, provide Islamic investors with opportunities in the burgeoning U.S. private credit space that they were hitherto unable to access.
Walton’s latest Shariah-compliant financing structure enables Islamic investors to access income yielding opportunities via its U.S. homebuilder land financing program while following Islamic prohibitions against interest (riba) and adhering to ethical business practices. This pioneering approach underscores the company’s commitment to fostering financial inclusivity and serving diverse investor communities.
The Walton Group of Companies (“Walton“), an international real estate investment company specializing in providing innovative land-based real estate products concentrated on major North American growth corridors, announced that its Exit-Focused Land investment has been endorsed by the Amanie Shariah Supervisory Board (“Amanie”) as a Shariah-compliant investment product.
Sharia Board:
Real Estate Investment
Notes:
Endorsed by Amanie Shariah Supervisory Board and Islamic Finance Advisory Board.
Source link: https://walton.com/amanie-shariah-supervisory-board-endorses-waltons-land-investment-product-as-shariah-compliant/
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