Habibi Coin is a community solution to help its members participate in fractional real estate ownership without having high incomes, credit scores or co-signers. The average person can never be a homeowner or real estate investor due to strict pre-requirements from lenders. A significant portion of the market is underserved. Habibi Coin aims to create equal opportunity for anyone to participate in real estate.
Habibi Coin is a community solution to help its members participate in fractional real estate ownership without having high incomes, credit scores and co signers. The average person can never be a home owner or real estate investor due to strict pre requirements from lenders. A significant portion of the market is underserved. Habibi Coin aims to create equal opportunity for anyone to participate in real estate. We focus on government backed projects, developments with large scale reputable developers with extensive track records, housing societies, new towers and multiple other areas like commercial, flipping, fixing, leasing, pre sales, Airbnb’s and more. 75% of all funds raised go towards building a thriving real estate portfolio in a global market so it is diversified across great projects all around the world and less exposed to a domestic downturn in any one area. 25% of all funds raised goes towards tackling homeownership challenges like interest bearing debts and mortgages. The average life span of a mortgage is 25-30 years with initial payments being 80% interest and 20% principle. As you pay the debt down the ratio changes to 60% principle and 40% interest. On an average $200,000 dollar mortgage you end up paying 3 times the cost in interest alone over its life span. Habibi Coin works with home owners to assess their situation, mortgage product and circumstances. Once approved it then buys out the mortgage in full essentially becoming the lender. All interest is removed from the equation completely. The home owner ends up paying 80% of each monthly payment directly towards the principle debt. This helps home owners pay down the debt in less than half the time in addition to reducing worry stress fear uncertainty and doubt. Habibi Coin also protects the home owner from foreclosure. With Habibi Coins system if the owner defaults over a certain period of time the property is put up for sale and the owner is given a cheque for the equity they have built up in their property over years of making payments. This ensures their hard work is never lost, their asset is protected and it is owned in full in half the time. A true community solution for its members to create economic prosperity safety and security for them and their families.
How Does Habibi Coin Work?
Habibi Coin was built to be a Shariah-compliant cryptocurrency. It gives investors a way to adhere to their Muslim faith while still buying property. Just like bitcoin, Habibi Coin works as a decentralized payment system. It’s built on blockchain technology and uses peer-to-peer transactions. No middlemen or intermediaries are involved in the transaction. The ultimate goal is to create one of the largest Shariah-compliant tokens in the world, catering to the Muslim community in the Middle East and around the world. Muslims can use Habibi Coin to invest in assets without paying interest – and violating their faith.
How to Buy a Home with Habibi Coin
The creator of Habibi Coin claims that the digital token can be used for a variety of investments. However, one of the biggest concerns was to help Muslims buy a home. Today, Muslims often struggle to buy a home because home ownership involves participating in the traditional interest-based mortgage system. Muslims can purchase property directly through the Habibi Coin platform. However, the press release and official website don’t explain further details about how this works. Overall, the Habibi Coin platform is still in development, and there are few specific details available online at this time.
The Habibi Coin ICO
The creator of Habibi Coin claims to have already raised 3 million USD, and he’s now planning a $100 million USD ICO. Full details of the ICO have not yet been announced. However, the ICO appears to be preparing to launch sometime in 2018. You can sign up to receive the latest updates on the official HabibiCoin.com website.
Who’s Behind Habibi Coin?
Habibi Coin was launched by a Dubai-based entrepreneur named Com Mirza. Described as a “millionaire philanthropist”, “global investor”, and “dream chaser”, Com Mirza is a manager, owner, and partner in 34 companies worldwide. He’s also the founder of Mirza Holdings. You can learn more about Com Mirza at his LinkedIn page. Today, Com Mirza lives in the world’s tallest building, the Burj Khalifa, in downtown Dubai. He also owns a luxury car rental company and has a fleet of 50+ luxury and exotic cars. The name “Habibi”, by the way, comes from the Arabic word for “love”. It roughly translates into “loved one” or “my love”.
Habibi Coin Conclusion
Habibi Coin was built to solve a crucial problem in the Muslim community: investors and entrepreneurs often struggle to find Shariah-compliant financial alternatives to conventional mortgages. To date, many people have to resort to using the traditional financial system (in violation of their faith), or renting properties (and avoid buying a house). Habibi Coin presents a different solution. That all sounds good – but there’s really no information about Habibi Coin available online at this time. The website is blank except for an email form. Early press releases for the coin talk about how it will help single parents and middle class families – but offer few specifics about how the coin will work. Ultimately, Habibi Coin sounds like a good idea – but we don’t know anything about the coin or its development plans for the future. We vaguely know that the coin plans to comply with Islamic financial laws, and become a leading Shariah-compliant coin, but we don’t know anything more specific. ROADMAP MORE INFORMATION: