Overview
Bank Alfalah Home Musharakah is a Shariah-compliant housing finance solution based on the principle of Diminishing Musharakah. Under this model, you and the Bank jointly own the property, and you gradually purchase the Bank’s share over time until full ownership is transferred to you. With financing options for home purchase, construction, renovation, or balance transfer, Home Musharakah combines flexibility, transparency, and affordability to help you achieve your dream of home ownership
Features & Benefits
Multiple Financing Options
Avail financing for home purchase, construction, renovation, plot purchase + construction, or balance transfer.
Shariah-Compliant Ownership Model
Gradually purchase the Bank’s share in the property through a Diminishing Musharakah arrangement.
Flexible Tenure
Choose a financing tenure of up to 25 years (minimum 3 years).
High Financing Limit
Get financing of up to 80% of the property’s value (subject to financing amount).
Affordable Installment Options
Select between equal monthly installments or unequal monthly installment purchase options.
Balloon Payment Flexibility
Make balloon payments at any time without additional charges.
Minimal Charges and Quick Processing
Benefit from minimal property Takaful rates, simple documentation, and fast approvals.
Co-Applicant Support
Include spouse or immediate family members as co-applicants to enhance eligibility.
Eligibility
- Pakistani nationals with a valid CNIC/NICOP.
- Age: 25–60 years (salaried), 25–70 years (non-salaried)
- Minimum monthly income: PKR 75,000 (salaried), PKR 150,000 (non-salaried)
Employment tenure:
- At least 1 year (salaried permanent) , At least 3 years (salaried contractual)
- At least 2 years (with Bank Alfalah relationship) or 3 years (other banks).
Co-Applicant Eligibility:
- Spouse or immediate blood relatives (parents, children, siblings).
Apply Now
- Visit your nearest Bank Alfalah Islamic branch.
- Request the Home Musharakah application form.
- Complete the form and attach the required documents.
- Submit your application for processing and approval.