Job PK 4u

Easy Home - Islamic House Finance Introduction to Easy Home Easy Home by Meezan Bank is a Shariah-compliant, interest-free (Riba-free) solution for all your home financing needs. Unlike conventional home loans, Easy Home operates through the Diminishing Musharakah model, ensuring that your home financing aligns with Islamic principles. How Easy Home Works Easy Home is based on the concept of Diminishing Musharakah, a form of co-ownership rather than a traditional loan. Here’s a step-by-step breakdown of how it works: Joint Ownership : When you choose Easy Home, you enter into a partnership with Meezan Bank, where both you and the Bank co-own the property. The Bank provides a portion of the financing needed to purchase the house. Monthly Payments : Your monthly payment to Meezan Bank consists of two parts: rent for the Bank’s share of the property and a payment towards increasing your equity share. The rental component is based on the Bank’s share of the property and decreases as your o...