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100% Shariah Compliant
Structured under the Musharaka Mutanaqisah principle and certified by our Shariah Board, with no interest (riba) involved.
Diminishing Musharaka (Musharaka Mutanaqisah) from Ghazanfar Bank is a Shariah-compliant financing facility based on a declining co-ownership partnership. The bank and the customer jointly purchase the asset; the customer pays rent on the bank's share and periodically buys out the bank's units until full ownership is transferred - with no interest (riba) involved.
Discover the advantages of financing your property with Diminishing Musharaka.
Structured under the Musharaka Mutanaqisah principle and certified by our Shariah Board, with no interest (riba) involved.
Increase your ownership share over time by buying out the bank's units until the asset is fully yours.
The bank and you jointly own the asset, sharing the investment from day one.
You pay rent only on the bank's remaining share, so your rental cost reduces as your ownership grows.
Choose a repayment period of up to 8 years with installments tailored to your budget.
All terms, the rental rate and the unit purchase schedule are agreed and documented upfront, with full transparency.
Understand the published features and prepare for a conversation with our team.
Explore financingUnder Diminishing Musharaka, Ghazanfar Bank and the customer jointly own the asset, each contributing an agreed share of its value. The customer pays rent (Ijarah) for using the bank's portion and, alongside the rent, periodically purchases units of the bank's share. As the customer's ownership grows, the bank's share - and the rent payable - diminishes, until the customer owns the asset outright. This makes it a fully Shariah-compliant alternative to a conventional mortgage.
Diminishing Musharaka is structured according to Islamic banking principles. The bank and the customer enter a joint-ownership partnership in the asset; the customer pays rent on the bank's share and gradually purchases that share, ensuring complete Shariah compliance in all operations.
The rental rate applies only to the bank's share and is reviewed periodically as ownership shifts to the customer. All operations are conducted in accordance with Shariah principles as certified by our Shariah Board.
Find out if you qualify to apply for Diminishing Musharaka financing.
For specific eligibility requirements or special circumstances, please contact your nearest Ghazanfar Bank branch.
To apply for Diminishing Musharaka financing, please prepare the following documents. Having these ready will help speed up the application process.
All documents must be original. Additional documents may be requested by the bank during processing.
Flexible financing amounts and tenure designed to suit your needs.
The financing amount, ownership share and tenure are subject to the bank's assessment of the applicant's income, the asset value and creditworthiness.
Transparent pricing for all financing services and transactions.
All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers.
| Service | Charges |
|---|---|
| Processing Fee | 1% of financing amount |
| Customer Equity (Initial Share) | Minimum 20% of asset value |
| Rental Rate (on bank's share) | As per agreement, reviewed periodically |
| Financing Tenure | Up to 15 years |
| Early Settlement | Allowed by purchasing remaining units |
| Property Takaful (Insurance) | As per Takaful provider |
Find out if you qualify to apply for Diminishing Musharaka financing.
For specific eligibility requirements or special circumstances, please contact your nearest Ghazanfar Bank branch.
Flexible financing amounts and tenure designed to suit your needs.
The financing amount, ownership share and tenure are subject to the bank's assessment of the applicant's income, the asset value and creditworthiness.
Transparent pricing for all financing services and transactions.
All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers
| Service | Charges |
|---|---|
| Processing Fee | 1% of financing amount |
| Customer Equity (Initial Share) | Minimum 20% of asset value |
| Rental Rate (on bank's share) | As per agreement, reviewed periodically |
| Financing Tenure | Up to 8 years |
| Early Settlement | Allowed by purchasing remaining units |
| Property Takaful (Islamic Insurance) | As per Takaful provider |
Frequently asked questions about Diminishing Musharaka.
Find out if you qualify to apply for Diminishing Musharaka financing.
All documents must be original. Additional documents may be requested by the bank during processing.
The financing amount, ownership share and tenure are subject to the bank's assessment of the applicant's income, the asset value and creditworthiness.
All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers.
Own your property the halal way with a Shariah-compliant co-ownership partnership, reducing rent and transparent terms. Apply online or visit any of our branches nationwide.
Need assistance? Call our customer service at +93 (0) 20 220 4400.
Product information adapted from Ghazanfar Bank's official diminishing musharaka page (opens in a new tab). Confirm current terms and availability with the bank.
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