Send a completed and signed application form to Meezan Bank. Submit the required verification for processing fees and external agency fees. A senior employee of Meezan Bank and a licensed attorney will accompany you and the seller of the property to the appropriate bank (in the case of BFT) or to a registrar for the transfer of ownership. The original real estate documents are given to the lawyer who, after reviewing the documents, hands over the payment order to the banker or seller and then completes the legal formalities on behalf of Meezan Bank Easy Home – Low Cost Housing Finance Scheme offers practical and affordable options to meet your needs to build and build affordable housing built in a fully Shariah compliant manner with the Diminishing Musharakah financing method buy. Newly constructed residential units in the last year from the date of application. However, this requirement will not apply until March 31, 2023 under Levels 2 and 3 Once you have met all of Meezan Banks` credit requirements, the Bank will send you a conditional letter of offer. For freelancers/businessmen, Meezan Banks performs the necessary credit checks and associated due diligence based on the information provided. (The income estimator on the Meezan Bank panel makes an income estimate and submits a report to the bank) With Easy Home, the bank will finance up to 65% and 75% of the property value to business people and employees. The customer accepts a monthly payment to the bank, which is intended partly for the use of the house and partly for the purchase from the bank in the house. When the client has made the full payment that has been agreed, he becomes the sole owner with free and clear ownership of the property.

The profit charged by the bank is therefore the payment of the use of its share in the house during the term of the contract. Watch Mr. Irfan Siddiqui – Founding Chairman and CEO of Meezan Bank – talk about the Mera Pakistan low-cost housing finance program, Mera Ghar and explain why people should take advantage of this Shariah-compliant program. A person can only receive a subsidized housing funding mechanism once under this program. After completing these steps and approving your case, you will need to go to Meezan Bank to sign the Islamic House financing agreement and other legal documents that Meezan Bank will verify your residential/office addresses. At Meezan Bank, profit margins are directly correlated with market trends to provide a competitive product to our customers. Sharia law makes it possible to use any conventional market factor as a criterion for determining the rate of profit of a particular product. The mere fact that the applied win rate of our product is based on similar factors used to determine the applied interest rate of a mortgage does not invalidate the transaction or contract from a Sharia point of view, nor does it render the transaction interest-bearing. On the other hand, it is the underlying structure of the product that determines its compliance with Sharia law. . *Terms and conditions apply.

Please note the eligibility criteria…. Note: If a developer/builder intends to register their project with Meezan Bank, please contact the bank at the following email address: [email protected] Easy Home is a completely interest-free solution (Riba) for your real estate financing needs. Unlike a traditional home loan, Meezan Bank`s Easy Home operates through the decreasing Musharakah, where you participate in co-ownership of your property with Meezan Bank. The character of the contract is the co-ownership and not a loan. Indeed, the transaction is not based on the loan and borrowing of money, but on the common ownership of a house. Meezan Bank, thus divides the cost of the house that is purchased. The creation of community goods and the gradual transfer of ownership to the consumer, rather than simply lending money, is the main factor that makes easy home Sharia compliant. All Pakistani nationals (resident or non-resident) who hold a CNIC/NICOP documentation fee are excluded from the above fees and will receive at the time of signing the Musharakah Agreement according to funding limits.** May vary as advertised in provincial/federal budgets. . ** KIBOR means 12 months (Karachi interbank offer rate) announced on the 1st working day of each calendar month immediately before the end (transaction) of the year.

. The Bank conducts appropriate due diligence and requires the Client to provide documentation in accordance with the Bank`s internal processes and regulatory guidelines. After approval of the case, you must open an account with Meezan Bank. For both types of funding, the applicant`s age must not exceed 60 years. However, it may be increased to 65 years provided that the applicant justifies the possibility of making payments even after retirement age. Note: In accordance with the regulatory requirements of the State Bank of Pakistan, the negative history (i.e. late/late payment/depreciation/waiver) of individual consumers/customers is reflected in e-CIB reports for two years after settlement. * For the fixed interest rate of the first year, “K” stands for KIBOR (Karachi Inter Bank Offer Rate), which is announced on the 1st working day of each calendar month. To facilitate the possession of real estate in Pakistan by non-resident Pakistanis (NRP), Meezan Roshan Apna Ghar allows NPCs to have a Meezan Roshan Digital Account (RDA), which allows them to invest in any residential and commercial property in the country on a repatriation basis. Some main features of the arrangement are: Address: Mezzanine Floor, 33, Buland Markaz, Jinnah Avenue, Blue Area, Islamabad.Dir. No. 051-2271083, Extension Number 051-2871229 – 31st address: Nawan Shahar LMQ Road, Multan.Dir.

No. 061-4781554, Extension Number 061-4785604-07 Please attach all the necessary documents, as mentioned below, with your application form: If you have selected the property for purchase or if you want financing for construction/replacement/renovation With Easy Home, you participate with Meezan Bank in the co-ownership of your property, with the bank providing a certain amount of financing. You accept a monthly payment to the bank, one component of which is the rent of the house and another for your share of the capital. In fact, the total monthly payment is steadily reduced as your share of the property increases. When you have made the full investment that has been agreed, you will become the sole owner with a clear claim to the property. The minimum income must be PKR/- 150,000 or more. • All funds are invested from the Meezan Roshan Digital PKR account. All payments (symbolic money, deposit/advance, full payments, partial instalments, etc.) must be made by RDA – PKR to fully repatriate the product/divestment in the future. • A client may invest in his own name or with his eligible family members (including parents, brother, sister, wife, children – linear ascending and descending only). • Possibility of direct payments only for the benefit of the seller.

• Full refund of the product*. The age of the co-applicant may not exceed 65 years of age at the time of the due date, provided that the income of the co-applicant is not exceeded. However, if the co-applicant`s income is discarded, the same age criteria apply as for the applicant. (HUB Manager Lahore – HF) Mobile number: 0304-0920521 Email: [email protected] Address: Dubai Chowk Branch, BahawalpurPABX No. 062-2889417-18 Ext #105. . . • Privilege – For clients who are willing to keep their investment in INPC or RDA deposit funds as a lien on their net amount of collateral financing. In this case, no mortgage is created on the property.

• No Lien – For clients who use a non-cash financing facility to invest in Meezan Roshan Apna Ghar (MRAG) or Mera Pakistan Mera Ghar (MPMG). In this case, a fair or symbolic mortgage is required. For the purposes of income clubbing, only a non-resident Pakistani can be considered. In case of any questions, please contact the bank representative at the following email address: [email protected] Address: 3rd floor, Al-karam Center, plot No. BC 1, block – 7, Clifton, Karachi.PABX No. 021-38103500, 021-37133500 25 to 60 years old. (Maximum 60 years at the time of term) It operates according to the Shariah-compliant concept of the decreasing Musharakah, in which the bank and the client become co-owners of the property. The bank leases its share of ownership to the customer for periodic rents. The client also acquires the bank`s share of ownership through the lease to eventually become the sole owner of the property.

* According to the nomenclature provided (BOQ) and the purchase of the units of the existing factory (Regional Director – HF Hub (Central)) mobile phone number: 0300-9496445. *In the case of a divestment three years ago, the client may repatriate funds up to the lower amount of the proceeds of the sale or the amount of the investment in PKR on the day of the investment, while the difference, if any, and the profit/return of eligible investments made from that amount may be repatriated after three years from the date of the investment. . . .

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