Project Financing, Expansion or BMR Requirement Solutions for medium and long term financing requirements Two of the most commonly used Islamic financing solutions availed by businesses today, Diminishing Musharakah and Ijarah are ideal for expansion of businesses, BMR requirements or other medium to long term financing requirements. Diminishing Musharakah Using this financing model, Meezan Bank and the customer participate in the joint ownership of an asset. The  asset is divided into a number of units and the customer periodically purchases these units from the bank over a specified period. Over time, the customer purchases all units owned by the bank, making him or her the sole owner of the asset or the commercial enterprise. Diminishing Musharakah is most commonly used for the financing of fixed assets, projects, homes and automobiles. Learn More Ijarah In contrast to diminishing musharakah, this mode of financing is based on the provision of the required tangible assets, such as property, machinery, etc, on rental for an agreed period of time. The concept is similar to “leasing”, which is common in conventional banking. However there are some specific prohibitions which render conventional leasing to be forbidden under Shariah. Ijarah is commonly used for long and medium term fixed asset financing, project financing and for retail products such as homes and automobiles. Learn More