Question:

How Askari Home Musharakah Works?

by Guest8872  |  11 years, 7 month(s) ago

0 LIKES UnLike

Everyone wants to live in the best place that is comfortably affordable. This means being able to cope with other financial commitment, while still having money left over for extras and unexpected expenses. I want to know about Askari home Musharkah works

 Tags: Askari, home, Musharakah

   Report

1 ANSWERS

  1. Guest1421
    The procedure for Askari home Musharkah is given below:                          Joint ownership is created in the property between Bank & Customer on the basis of the Musharakah Agreement. (This is bases on the principles of Shirkat ul Milk),                               Bank’s share is divided into units and is given to the client on rent,                   Client promises to purchase Bank’s share (units) over the tenure of transaction,                                                   Client purchases the units every month and will eventually become the owner of the property,                                              Rental amount will be adjusted according to the bank’s share (units) remaining in the property,

Sign In or Sign Up now to answser this question!

Question Stats

Latest activity: 11 years, 11 month(s) ago.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.