Islamic Home Finance Calculator
Model a diminishing musharaka home finance plan with full transparency. Enter the property price, the bank's share, term, and rent rate to see monthly payments that shrink as you buy back the bank's share - plus a complete yearly schedule.
Your Initial Share (down payment)
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Bank Share Amount
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First Monthly Payment (rent + unit)
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Last Monthly Payment
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Average Monthly Payment
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Total Rent Paid Over Term
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| Year | Rent Paid in Year | Units Bought in Year | Bank Share at Year End |
|---|
How to use
- Enter the total property price.
- Enter the bank's share in percent — the rest is your initial share (down payment).
- Enter the term in months and the rent rate on the bank's share.
- See the first and last monthly payment — the rent falls every month because the bank's share keeps reducing. See the yearly table for details.
Tips
- Your monthly payment falls over time because rent is charged only on the bank's remaining share.
- A bigger down payment (your initial share) cuts both the rent portion and the total term cost.
- This is a simplified model with a fixed unit price - real bank contracts may adjust terms, so read yours.
- Compare the total paid against a conventional loan to see the true cost difference.
Note
This is a simplified model of diminishing musharaka: the unit price is assumed fixed for the whole term, and rent is charged only on the bank's remaining share. In real Islamic banks the rent is revised against a benchmark, and takaful and fees are separate. For Shariah details, read your bank's mufti board document.