How It Works
You start with a minimum deposit¹ (which varies by lender) that becomes your equity in the home. Your share grows with every monthly payment, with the choice to add more within the terms of your plan², moving steadily towards full ownership.
¹ Subject to status and criteria.
² Early payment charges may apply if you exceed your annual allowance. These will be explained in your Offer documents.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE PAYMENTS ON YOUR HOME PURCHASE PLAN.
Is it Halal?
Absolutely! We exclusively partner with lenders certified by Amanah Advisors in accordance with Shariah principles. Our approach is free from interest, focusing instead on a framework grounded in Islamic values.
Diminishing Musharakah: How It Works
Equity not interest
The home purchase plan is founded on two key Islamic finance principles: diminishing musharaka (partnership) and ijara (lease). These principles work together to offer a halal method for buying your home without relying on interest-based lending.