In Pakistan, Islamic mortgage aims to offer a halal financing solution to Pakistani Muslims and non-Muslims living in Pakistan who wish in the context of Islamic sharia to use Islamic financial products in Pakistan.
Pakistan’s Islamic financial sector is one of the fastest growing sectors and accounts for 6 billion US dollars, or 7.2% of the shares of the national banking system, and will reach 12% of the system in the next three years.
With 75% of Muslims in Pakistan, making Islam the country's predominantly majority religion and the country has 6 fully operational Islamic banks.
Islamic Pakistani banks are serving more than 500,000 customers, and this number continues to increase with the country's population growth and it took time and hard work to convince Pakistani customers of the reliability of the system.
In Pakistan, Islamic mortgage or halal housing finance is huge potential for the country and works through the Diminishing Musharaka where the future home owner participates with the Islamic lender in joint ownership of the property with the result that the agreement consists of a co-ownership and not a loan.
PAKISTAN'S ISLAMIC MORTGAGE LENDERS
PAKISTAN ONLINE SHARIA BANK
HALAL MORTGAGE TAKAFUL INSURANCE STUDENT INSURANCE CAR INSURANCE HOME INSURANCE REAL ESTATE INSURANCE LIFE INSURANCE BUSINESS INSURANCE TRAVEL INSURANCE HAJJ UMRAH INSURANCE FUNERAL INSURANCE MOSQUE INSURANCE AUSTRALIA INSURANCE GERMANY INSURANCE ISLAMIC CAR LOAN ISLAMIC MICROFINANCE WITHOUT INTEREST BUSINESS LOAN FOR WOMEN TAKAFUL MORTGAGE LOAN WITH POOR CREDIT ISLAMIC DEBT CONSOLIDATION DISABILITY LOAN STUDENT LOAN ISLAMIC LEASING LETTER OF CREDIT PERSONAL LOAN FOR STARTUP PRIVATE LOAN CROWDFUNDING CALCULATOR FOR WEDDING FOR EXPATRIATE ISLAMIC INSURANCE INDIA TAKAFUL ISLAMIC HEALTH INSURANCE USA TAKAFUL CANADA TAKAFUL UK TAKAFUL FARMER LOAN CORONOVIRUS LOAN TAXI LOAN RAMADAN LOAN LIST OF ISLAMIC BANKS ALBANIA ALGERIA AUSTRALIA BAHRAIN BANGLADESH BOSNIA-HERZEGOVINA BRUNEI CANADA CHINA DENMARK DJIBOUTI EGYPT ETHIOPA FRANCE INDONESIA IRAN IRAQ IVORY COAST JORDAN KAZAKHSTAN KENYA KUWAIT KYRGYZSTAN LEBANON LIBYA LUXEMBOURG MALAYSIA MALI MAURITANIA MOROCCO NETHERLANDS NIGERIA NORWAY OMAN PAKISTAN PALESTINE PHILIPPINES QATAR RUSSIA SAUDI-ARABIA SENEGAL SINGAPORE SRI-LANKA SUDAN SWITZERLAND SYRIA TAJIKISTAN TANZANIA THAILAND TUNISIA TURKEY U.A.E UNITED-KINGDOM U.S.A UZBEKISTAN YEMEN AZERBAIJAN INDIA BELGIUM GERMANY IRELAND ITALY NEW-ZEALAND SPAIN SWEDEN BULGARIA KOSOVO SOUTH-AFRICA LONDON