1. Customer Help Centre
  2. Finance
  3. What makes our Home Finance Halal

How is the finance product structured?

The product is structured using the Islamic Finance model known as Ijaara Muntahiya Bi Tamleek (Shared Equity Rental). Using this structure enables Hejaz to allow the title to the property to be held in your name while you make monthly repayments.

Each repayment comprises two components, a rental portion for residing in our share of the property and an equity buy back to acquire our share of equity in the property. As you acquire more equity in the property, the rental component decreases and the equity component increases until the property is purchased outright or you sell/refinance.