Overview
Bank Alfalah Home Musharakah is a Shariah-compliant housing finance solution structured under Diminishing Musharakah (Shirkat ul Milk). The Bank and customer jointly own the property, with the Bank leasing its share to the customer. Over time, the customer gradually purchases the Bank’s share, until full ownership is transferred — ensuring a Riba-free and transparent solution.
What you get
Finance your housing needs with flexible options:
- Home purchase
- Plot purchase + construction
- Construction on owned plot
- Renovation
- Balance transfer facility
Features & Offerings
Balloon Payment Option
Balloon Payment option available without any charges.
Property Protection
Minimal Property Takaful rate to secure your house.
Co-Applicant Facility
Co-applicant option available.
Quick Processing
Minimal documentation and quick processing.
Flexible Tenure
Flexible tenure up to 25 years.
High Financing Limit
Financing up to 80% (varies with financing amount).
Payment Flexibility
Equal Monthly Installment and Unequal Monthly Installment Unit Purchase Option.
Pricing
Competitive pricing.
Eligibility
- Pakistani CNIC/NICOP holder
- Age: 25–60 years (salaried), 25–70 years (non-salaried)
- Minimum monthly income: PKR 75,000 (salaried), PKR 150,000 (non-salaried)
- Spouse or blood relative (parents, children, siblings) can apply as co-applicant
Employment tenure:
- 1 year permanent / 3 years contractual (salaried)
- 2 years (with Bank Alfalah relationship) or 3 years (others) (self-employed)
Required Documents
- Completed application form
- CNIC/NICOP copy
- 2 passport-size photographs
- Property documents to be financed
- For salaried: Latest salary slips + last 6 months bank statement
- For self-employed: Last 12 months bank statement + income proof
- Any other documents as required
Apply Now
Get started with your financing in just a few simple steps. Click below to begin
Bank Alfalah Islamic Banking’s appointed valuation agencies will evaluate the property to determine the market value.
Bank Alfalah Musharakah Home Finance facility is offered minimum for 3 years and maximum for 25 years.
Yes, Musharakah Home Finance facility is also offered to non-residents as well subject to terms and conditions.
Bank Alfalah Islamic Banking will obtain a legal opinion on the property documents provided by applicant.
Bank Alfalah Islamic Banking will keep all the original documents relating to mortgaged property till the tenure of financing.
Yes, the spouse’s income can also be combined with applicant’s incomes
Bank Alfalah Musharakah Home Finance facility is offered minimum for 3 years and maximum for 25 years.
Yes, Musharakah Home Finance facility is also offered to non-residents as well subject to terms and conditions.
Bank Alfalah Islamic Banking’s appointed valuation agencies will evaluate the property to determine the market value.