Manarah Home Finance is a terminating facility (EMI based) for house financing purpose which is operated as per HPSM (Hire Purchase under Shirkatul Melk) mode of Islamic financing. In HPSM as the customer pays monthly installment ownership of the bank decreases and that of the customer increases. Monthly installment includes both rental and principal to buy back bank's ownership gradually over the financing period. The Manarah Home Finance can be made for purchase of ready flat or under construction flat, construction/expansion/renovation of existing flat or house, takeover of existing home finance facility from other financial institutions which has been approved under Shariah mode.

Overview

Finance amount:

  • Minimum BDT 5,00,000/-
  • Maximum BDT 1,20,00,000/-
  • Tenure:

  • Maximum 25 years
  • No Compound Calculation
  • Interested to open an account
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