How Does LARIBA Get Its Financing? Is It From A Muslim Investor?
LARIBA is a Registered Finance Company that is owned by members from the American Muslim Community. They put their money where their mouth is. LARIBA did not go hat-in-hand trying to collect funds from the rich and affluent in the Oil rich countries. Please understand that in order to finance 10 homes per month at $200,000 each, the company should have at least $20 million available every month or at least $240 million per year. This is a staggering number for our community to afford. That is why we thank God for making Freddie Mac / Fannie Mae our major investors in addition to others in our community who have chosen to support this grass root community effort.
