Murabaha Home Financing Cost-plus purchase of your Dream Home with transparent pricing and fixed monthly payments.
What it is
Murabaha is a Shariah-compliant sale contract where NAHL Homes purchases a property on your behalf and sells it to you at a pre-agreed markup. You pay in fixed monthly installments over an agreed tenor, with full transparency on cost and profit.
How It Works:
- You select a property you wish to purchase
- We assess eligibility, verify title, and perform valuation
- NAHL Homes purchases the property in its name
- We sell it to you at a disclosed markup price
- You pay the total amount in monthly installments
- Upon full payment, ownership is transferred to you
Key Features:
- Ownership Flow: Bank holds title until full payment
- Profit Mechanism: Disclosed markup instead of compounding interest
- Tenor: 5–20 years, based on customer profile
- Down Payment: Minimum 20% (can be supported via Halal savings)
- Repayment: Fixed monthly installments based on total Murabaha price
- Collateral: Property itself serves as primary collateral
Who Is it For?
- Civil servants and salaried workers with predictable income
- Faith-based customers seeking riba-free alternatives
- First-time homebuyers with stable employment
- Retirees or pensionable customers who prefer fixed payments
Shariah Compliance
Fully compliant with AAOIFI Standard No. 2 (Murabaha to the Purchase Orderer). No penalty interest for late payments. Any nominal amounts collected are donated to charity.