Diminishing Musharakah is used for the purpose of financing assets i.e. Property, Vehicle and Machinery.
In Diminishing Musharakah, the Bank and the Customer participate in joint ownership of the subject property / equipment or a commercial enterprise.
The customer, as a lessee, uses the share of the Bank and pays rentals, and as a partner redeems the share of the Bank.
Commercial Assets Finance- Shariah Compliant Way
Our Islamic Banking division is under the guidance of our Shari'ah Advisor, Mufti Ebrahim Desai. All documents have been reviewed and certified by the Darul Iftaa Mahmudiyyah as being in compliance with Shari'ah Laws and meet the requirements of Islamic Finance.
- Affordable repayment terms from one to five years.
How to Apply:
Please contact the Islamic Branch for more information.