Islamic Home Finance (Diminishing Musharakah) Calculatorاسلامی ہوم فنانس کیلکولیٹر
Estimate monthly payments and how your ownership grows under diminishing musharakah home finance.شرکتِ متناقصہ ہوم فنانس میں ماہانہ ادائیگی اور ملکیت میں اضافے کا اندازہ لگائیں۔
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About this tool
In diminishing musharakah, you and an Islamic bank buy the house together. Each month you pay rent for using the bank’s share and buy some of its units, so the bank’s share — and the rent — fall until you own the whole house.
Banks structure payments in two common ways: an equal monthly payment where the unit portion grows as rent falls, or equal units each month with rent reducing, so payments start higher and fall. Choose the structure and enter the rental rate from your bank’s quote. The bank’s own schedule, rental reviews and charges are final, and Shariah compliance is certified by the bank’s Shariah board — this tool only does the arithmetic.
How to use it
- Choose the payment structure.
- Enter the house price, your share and the tenure.
- Enter the rental rate from your bank quote.
- Open the year-by-year table to see your ownership grow.
Example
Example
Rs 15,000,000 house with 25% down: the bank’s share is Rs 11,250,000, bought back over the tenure.
Common uses
- Comparing Islamic home finance offers
- Comparing with conventional mortgages
- Planning a down payment
Limitations
- Rental rates are often reviewed periodically (for example with KIBOR), changing future payments.
- Insurance (takaful), fees and taxes are not included.
Frequently asked questions
Is this the same as a conventional mortgage?
The structure is different (joint ownership, rent and unit purchase). With the equal-payment structure, the monthly amount is calculated in a similar way, but the contract and rules differ.
Does this tool certify Shariah compliance?
No. That is the role of the bank’s Shariah board and the State Bank’s Shariah rules.
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