Welcome to Pakistan’s long awaited totally Shariah-compliant Home Finance facility! One that is comprehensive, affordable, and totally hassle-free. For at Meezan Bank, we are committed to meeting our customers’ needs, in a truly Shariah-compliant manner coupled with dedicated service excellence. Meezan Bank’s Easy Home is the answer you’ve been waiting for. Why is Halal home finance so important to you? Owning your own home is one of life’s most important achievements. It represents your security, stability, and is a great blessing in itself. It provides that all-important safety and comfort for you and your loved ones. However, in today's often unpredictable and costly environment, saving the required money can take a lifetime in itself. Rising property prices, taxes, inflation, currency devaluation… it’s all a very hard bargain. On the other hand, owning your own home and paying an easy installment, which takes you step by step towards complete ownership, is so much better than paying rent which ultimately only adds to your expenses. Added to that is your desire to stay away from interest based financing and be totally riba-free, thus achie-ving that complete inner satisfaction and peace of mind. Why not have the best of both worlds? Isn't that what you are working so hard for anyway? Islamic Financing on a Diminishing Musharakah basis With Easy Home you participate with Meezan Bank in a joint ownership of your property, where the Bank will provide a certain amount of financing (usually up to 80%). You agree to a monthly payment to the bank of which a component is for the use of the home, and another for your equity share. In fact, the total monthly payment is reduced regularly as your share in the property grows. When you have made the full investment, which had been agreed upon, you become the sole owner with a free and clear title to the property. What specifically makes Easy Home Shariah compliant? As a Diminishing Musharakah it conforms to Shariah laws specifically related to financing, ownership and trade. Taking ownership through a partnership and then transferring complete ownership to the consumer instead of simply lending money is the major factor that makes our product Shariah compliant. The nature of the contract is a co-ownership and not a loan because the transaction is not based on the lending and borrowing of money but on the joint ownership of an asset. Meezan Bank shares in the cost of the asset being purchased, for example in the case of buying a home. In conventional mortgages the interest charged is a mark-up on the money lent. The profit charged by Meezan Bank is the utilization payment for your use of our share throughout the life of the contract. Your payments to Meezan Bank are completely riba-free. Why is the profit margin charged by Meezan Bank correlated to the conventional mortgage market trends? At Meezan Bank, the profit margin is directly correlated to market trends to provide a competitive product to our customers. Shariah allows the use of any conventional market factor as a benchmark to determine the profit rate of a particular product. The mere fact that the applied profit rate of our product is based on similar factors used in determining the applied rate of interest of a mortgage does not render the transaction or the contract invalid from the Shariah perspective, and neither does it make the transaction an interest-bearing one. On the other hand, it is the underlying structure of the product that determines its Shariah compliance. Buy, Build, Renovate, or Replace! Buying a Home is Easy & Halal! Choose it and be ready to move in. Meezan Bank will finance up to 85% of the appraised value of your new home or up to a value of Rs. 40 million, with a financing tenor of up to 20 years. Click here for details Building a home is Easy & Halal! For that special home you want to build yourself. Meezan Bank provides financing up to 70% of the appraised value or Rs. 40 million, for a tenor of up to 20 years. Click here for details Renovating your home is Easy & Halal! Making your home even better or just repairing it. Meezan Bank helps with financing up to 30% and a financing tenor of up to 15 years. Click here for details Replacing your existing Mortgage is Easy & Halal! The wait is over. Now continue to enjoy your home but with the added satisfaction and peace of mind you have always wanted. Meezan Bank will help you switch your existing liability over to us and let you enjoy the benefits of Halal and totally flexible financing. Financing up to Rs. 40 million and a tenor of up to 20 years. Click here for details Special Benefits of Easy Home Flexible Financing Tailored to Support You High financing amounts Maximum financing against property value Flexibility to make partial prepayments Minimal processing charges Affordable and competitive installment amounts with a regular reducing monthly rental Rate relaxtion for select MNCs & LCGs Quick Processing Time Absolutely hassle-free. Quick turn-around-times, with no burdensome complexity or excess paper work. It is simple, halal, and easy! Click here for details Even the eligibility is Easy! We at Meezan Bank, as prescribed by Islamic Shariah, seek to guarantee equal access to financing for all qualified applicants, while ensuring that the qualification process is bias-free. Click here for details Come and take the step towards Riba-Free financing for your home, made easy with Meezan Bank's Easy Home! Download an Application Form for Easy Home or simply walk-in to a Meezan Bank branch. For further information make an appointment with our officer or call our 24/7 Call Center for details