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Murabaha Payment Summary
Halal Mortgage Calculator 2025: Murabaha Home Financing in Pakistan
Halal mortgages (Murabaha) are Sharia-compliant alternatives to conventional loans. Our Murabaha calculator computes fixed monthly payments based on disclosed profit margins for 2025 Pakistan rates.
What is Murabaha Mortgage?
In Murabaha, the bank buys the property and sells it to you at a markup (profit). You pay in installments — no interest, just transparent profit.
- Sharia Basis: Cost + profit disclosed upfront (Quran 2:275)
- Ownership: Property in your name from day 1
- Fixed Payments: No variable rates
- Early Repay: Allowed without penalty
Murabaha vs Conventional Mortgage
| Aspect | Murabaha (Halal) | Conventional |
|---|---|---|
| Mechanism | Cost + fixed profit | Interest on loan |
| Riba | No | Yes |
| Ownership | Buyer immediate | Bank until paid |
| Rates 2025 PK | 7–10% | 12–18% |
| Penalty | None for early pay | Yes |
2025 Pakistan Rates (Estimate)
| Bank | Profit Rate | Down Payment |
|---|---|---|
| Meezan Bank | 8.5–9.5% | 20% |
| Al Baraka | 7.5–9% | 15–20% |
| Dubai Islamic | 8–10% | 20% |
Sample: PKR 50M Property, 20% Down, 8.5% Profit, 20 Years
- Financed: PKR 40M
- Total Profit: PKR 28.8M
- Total Payable: PKR 68.8M
- Monthly: PKR 286,667
How Murabaha Works
- Bank buys property for PKR 40M
- Sells to you for PKR 68.8M (cost + profit)
- You pay fixed installments over 20 years
- Title in your name immediately
Eligibility in Pakistan
- Muslim, 25+ years
- Stable income (salaried/freelancer)
- 20% down payment
- Credit check (SBP compliant)
Pro Tips
- Compare Banks: Meezan vs UBL Amanah
- Fixed Profit: Lock in now (rates rising)
- Down Payment: Save 20% via Islamic savings
- Early Pay: No penalty — accelerate
Related Calculators
FAQs
Is Murabaha halal? Yes — AAOIFI approved, no Riba.
Higher than conventional? Slightly, but ethical.
Refinance possible? Yes, to another halal provider.
For NRPs? Yes, via Meezan NRP scheme.
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