User:Khushwantjhaj

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Khushwant Jhaj is a Financial Engineer and he is presently working in Investment Banking catagory. In his spare time he likes to educate people about basic Financial Foundation knowldge. He follows very simple thinking that you don't have to be car mechanic to know how to drive a car. What you need is a key and some direction how to handle the car.

He calls beautiful city of San Francisco his home.

He believes that every body should know the basics of the Mortgage, Investment and Insurance. Because these are the three basic building block for every bodys financial building. And you cannot build one without a good blueprint. Financial Foundation is the building block of every family. If your foundation is right then you and your family will enjoy all the fruits of this life. There are some very basic things which every body should know and one of them is the Rule of 72

He presently holds MS in Financial Math from Stanford University.



What are different kinds of protection available for your assets and you?[edit]


Some reading for Mortgage[edit]

Islamic mortgages[edit]

Islamic Sharia law prohibits the payment or receipt of interest, which means that practising Muslims cannot use conventional mortgages. However, real estate is far too expensive for most people to buy outright using cash: Islamic mortgages solve this problem by having the property change hands twice. In one variation, the bank will buy the house outright and then act as a landlord. The homebuyer, in addition to paying rent, will pay a contribution towards the purchase of the property. When the last payment is made, the property changes hands.

An alternative scheme involves the bank reselling the property according to an installment plan, at a price higher than the original price.

In the United Kingdom, HSBC was the first major bank to offer Islamic mortgages.