Islamic Finance

HOME FINANCE LOANS

Islamic mode of Financing

PHFC’s housing finance products are Sharia Compliant and are vetted by Al Hilal Shariah Advisors for Shariah Compliance. The Shariah Council of Al Hilal is headed by Mufti Irshad Ahmad Aijaz Sahab. Housing finance can be utilized for the purposes of Purchase, Construction and Renovation of your Home.

PHFC and the customer will form a Musharakah agreement to jointly purchase the asset; the PHFC renting its share in the asset to the customer for a pre specified term and against pre agreed periodic rentals as well as a buyout price for customer’s share.