List of Morgage Providers:

Bank Islami

Head Office:	11th floor, Executive Tower, Dolmen city, Marine Drive,Block-4 Clifton, Karachi.
Contact Person:	N/A	Mobile:	N/A
UAN:	+92-21-111-475-264	Phone:	+92-21-35839906
Email Address:	info@bankislami.com.pk	Web URL:	http://www.bankislami.com.pk

MUSKUN Home Financing

Do you Dream of providing your loved ones a home of their own but don't have the funds? Don't stop dreaming, Let us make your Dream a Reality with BankIslami MUSKUN Home financing where you can avail financing for any of the following facilities:

Home Purchase:

Just point your finger at the Bungalow or Apartment of your choice and we'll help you buy it.

Financing Tenure	2 to 20 years
Financing Range	Rs. 200K – 10M
Bank Investment Ratio	Maximum up to 80% for salaried / selected SEPs * Maximum up to 70% for Businesspersons/NRPs (* Doctors, Engineers, Architectures, Chartered Accountants)
Prepayment Option available	No Penalty apply after one year. In case Customer applies for purchase of early units or pre-payment within 12 months after disbursement, additional Musharakah Units will be revalued at 5% higher than face value.

Home Construction:

So you want to build your Dream home rather than buy a ready made one? You make the design, we''ll help you build it.

Construction Tenure	Maximum 2 Years
Financing Tenure	Minimum 2 Years (excluding construction period) Maximum 20 Years (including construction period)
Financing Range	Rs. 200K – 10M
Bank Investment Ratio	Salaried / Selected SEPs*: • Up to 80% for financing upto Rs. 10M. • Up to 70% for financing > Rs. 10M. Businessmen/NRPs: Up to 70% for all financing amounts.
Prepayment Option available	No Penalty apply after one year. In case Customer applies for purchase of early units or pre-payment within 12 months after disbursement, additional Musharakah Units will be revalued at 5% higher than face value.

Home Renovation:

Thinking of remodelling your kitchen to fulfill your wife's long awaited wish, or build a study area for your kids, or a cozy library for your parents, or just want to give your home a new look? you plan it, we'll help you renovate it.

Construction Tenure	Maximum 6 months
Financing Tenure	2-7 Years
Financing Range	Rs. 150K – 10M
Bank Investment Ratio	Maximum 50% for Salaried / Selected SEPs* Maximum 50% for Businessmen/NRPs (* Doctors, Engineers, Architectures, Chartered Accountants)
Prepayment Option available	No Penalty apply after one year. In case Customer applies for purchase of early units or pre-payment within 12 months after disbursement, additional Musharakah Units will be revalued at 5% higher than face value.

Home Replacement:

Don't lay the foundation of your Dream home on interest. If you already have a Conventional Mortgage loan and want to switch to Shariah compliant means of Financing, we'll help you transfer it.

Financing Tenure	2-20 Years
Financing Range	Rs. 200K - 10M
Bank Investment Ratio	Salaried / Selected SEPs: Up to 80% for all financing Businessmen/NRPs: Up to 70% for all financing amounts. ( Doctors, Engineers, Architectures, Chartered Accountants)
Prepayment Option available	No Penalty apply after one year. In case Customer applies for purchase of early units or pre-payment within 12 months after disbursement, additional Musharakah Units will be revalued at 5% higher than face value.

The MUSKUN Home financing facility is based on the principle of Diminishing Musharakah and Ijarah. The Diminishing Musharakah transaction is based on Shirkat-ul-Milk where you and the Bank participate in ownership of a property. The share of the bank is then leased to you on the basis of Ijarah and is divided into a number of units. It is then agreed that you will buy the units of the bank periodically, thereby increasing your own share till all the units of the Bank are purchased by you which will make you the sole owner of the property. Till that time, you pay the Bank rent for its units leased to you. The rent keeps on decreasing as your ownership in the property increases and that of the Bank decreases.

Benefits:

	Quick Processing
	Financing up to 50% of the value of the property
	Financing limit Rs. 10 Million
	Tenor up to 20 years
	No pre payment additional price charged after one year
	Flexible & Affordable installments with Sahulat payment schedule
	Clubbing of family income
	No Negative Area