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Allied Bank Aitebar Islamic Banking is committed to help you find the right Home Finance plan for your needs. We understand that every customer is different, and we have a variety of options to meet your individual requirements

You are eligible for home Musharakah facility from Allied Aitebar Islamic Banking if:

  • You are a Pakistani National
  • You are 25 to 57 years old

In case of Salaried Individual

  • Minimum six (06) months’ relationship with ABL and / or any other bank
  • Minimum net monthly salary of Rs.50,000/-

In case of Self-Employed Business Person / Self-Employed Professional

  • Maintaining minimum one (01) year relationship with ABL or minimum two (02) years’ relationship with any other bank
  • Length of respective business / profession is minimum two (02) years in case of relationship with ABL or minimum three (03) years in case of relationship with any other bank
  • Minimum per month net income of Rs.75,000/- in case of relationship with ABL or Rs.100,000/- in case of relationship with any other bank
  • Easy & Quick Processing
  • Financing Up to Rs.75 million
  • Payment tenure ranging from 3 years to 25 years
  • Asset Transfer facility available
  • Free Life Takaful

This facility is currently being offered in six cities only including Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, and Multan.

Following basic documents are required to apply for Allied Aitebar Home Musharakah:

  • Last six months’ Bank Statement (ABL / Any other bank, as the case may be)
  • Copy of CNIC/ Smart NIC
  • Proof of Income
  • Complete and duly signed “Application Form”

* Any additional document may be requested

Pricing:

Client  Segment A

(Corporate Arrangement)

 Segment B

(Salaried Individuals)

 Segment C

(Self-Employed Individuals)

 Segment D

(Affluent Individuals)
Minimum 1 YK + 1.75 %

Maximum 1 YK + 3 %

 1 YK + 3% (salary being routed through ABL)

1 YK + 3.5% (salary being routed through other bank)

  

1 YK + 3% (relationship with ABL)

1YK +4% (relationship with other banks)

 Minimum 1 YK + 1.75 %

Maximum 1 YK + 3 %

Special Segment

In Compliance of SBP Circular IH&SMEFD Circular no. 6 of 2019 (as amended from time to time), low-cost housing finance facility under refinance scheme will be offered to the following individuals only:

  • Widows
  • Children of martyrs (Shaheed) of law & enforcement agencies and armed forces and civilians martyred in terrorist attack
  • Special persons holding CNIC with disability logo / Symbol.
  • Transgender and

Financing under Special Segment: size up to Rs. 3.15 Million
Minimum Net Income (verifiable): 30,000/-
Tenure: Up to 12.5 years including 6 months grace period or advised by SBP from time to time

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