Steps to Purchase Your Home
Follow these 4 simple steps and you’re good to go!
01
Apply for a Musharaka Mortgage
Agree upon the Islamic mortgage terms and submit your pre-application form online.
02
Choose your Finance Type
With our Musharaka product, you can buy a new home, transfer, or refinance your existing mortgage.
03
Manzil will enter into a Partnership Agreement with you
Where you and Manzil purchase the property and own a share therein according to your capital participation.
04
Manzil gradually sells you part of its share in the Property
With every purchase you make, your share in the property increases while Manzil’s decreases until you become the sole owner of the property.
Calculate your payments
See what impacts your monthly payment, how much principal you might pay over your term, and other helpful breakdowns.
Choose a Scenario
Fill out information for own Scenario
Minimum down payment should be 20% of the purchase price
Financing rate cannot be empty
Value must be between 2-5
Value must be greater than mortgage term
Results
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Total Mortgage Required
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View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
We’re End-to-End Shariah Compliant
Variable Musharaka rates with terms up to 25 years
Competitive Rates
It’s Easy to Apply
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