Islamic Financing

The Customer will set an undivided share of the property (Asset) to PHFC thus forming a joint ownership or Musharakah.

PHFC in return would lease its undivided share in property to the Customer/Co-owner through a Rental/Payment Agreement.

The Customer/Co-owner, with the amount received from PHFC for selling Customers share would carry out the renovation in the Asset and would provide BOQ (Bill of Quantity) for the same.

The PHFC and the Customer will sign a Title Agency Declaration to evidence that customer is holding the title to the undivided share of PHFC and the Agent of PHFC.

Mortgage Deed in favor of PHFC to be executed before disbursal.