What makes Asaan Ghar Islamic Finance for Home Construction suitable for you?
Covering all Your Construction Needs
This facility is extended to customers who already own land / want to purchase a piece of land and need funds to meet the cost of constructing property.
Easy Early Repayment Options
We facilitates early pre-payments with no additional charges, so that you can reduce your liability as per your own convenience.
Fixed Monthly Equal Installment from 3 to 5 years
Aligning with the true spirit of Islamic Finance, our product comes with fixed monthly installment from 3 to 5 years, so that you don’t have any uncertainty about your installment and monthly budget for a longer period and thus have complete peace of mind.
Asaan Ghar Islamic Finance for Home Construction – Frequently Asked Questions (FAQs)
Product Structure
The underlying Islamic mode of Asaan Ghar Islamic Finance is Diminishing Musharakah. Diminishing Musharakah (Shirkat ul Milk) is a form of co-ownership in which Asaan Ghar and customer will share in the joint ownership of house in an agreed proportion. It is agreed that one of the co-owners (customer) will purchase, in periodic instalments, the share of the other co-owner (Asaan Ghar) until the ownership of that house is completely transferred to the purchasing co-owner (customer). Furthermore, along with the purchase of share, the co-owner (customer) will also make agreed periodic payments (rent) for the usage of other co-owner’s share (Asaan Ghar) in the asset, till ownership of the asset is completely transferred to the customer.
