Computer-system for Shariah-compliant computer-aided method for securing a Shariah-compliant credit enhancement
OwnerMohamad Lutfi Hammour, Larry Kershner +1inventors
InventorsMohamad Lutfi Hammour, Larry Kershner, Harvey Weiner
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Abstract
A computer system and computer-aided method for securing a Shariah-compliant credit enhancement, the method including the steps of: entering a property value and a property financing amount as input to a computer; computing, from the property value and a property financing amount, a quantity of mortgage insurance coverage required to satisfy a Shariah-compliant credit enhancement; and securing a mortgage insurer's commitment to an intermediary to insure a home financing contract, wherein the intermediary is not a lender or borrower. System-provided documentation is also included.
Claims26
A computer-aided method for securing a Shariah-compliant credit enhancement, the method including the steps of:
- entering a property value and a property financing amount as input to a computer;
- computing, from the property value and a property financing amount, a quantity of mortgage insurance coverage required to satisfy a Shariah-compliant credit enhancement;
- and
- securing a mortgage insurer's commitment to an intermediary to insure a home financing contract, wherein said intermediary is not a lender or borrower.
Dependencies are inferred from the claim text.