07/08/2019
Owning a decent flat in metropolitan cities of India through Halal means is no longer a distant dream. The Halal Housing framework / model is based on the Islamic Finance called Istisna or the participatory financing model where in the funding party agrees to deliver a commodity or an asset at a predetermined future time at an agreed price. Though the Halal Housing model is an Islamic finance model, it does not mean that the communities other than Muslims shouldn’t get benefit out of it. It’s a universal model and it can benefit everyone irrespective of religion, caste, creed or nationality.
Here’s how our simple halal housing model works. Pay as low as 30% of the cost of the apartment upfront and the remaining as interest free EMI (Equal Monthly instalment) over a period of 4-5 years depending on the project. With upfront payment and EMI the construction work will be carried out with great speed and you get the possession of your dwelling place in just 2-3 years.
