BankIslami launches Islamic Housing Finance Product ‘Muskun'


KARACHI (May 04 2007): BankIslami launches Muskun (Home Financing) with the disbursement to its first customer. BankIslami's Muskun (Home Financing) is the simplest and the most convenient Shariah compliant way to own a home. Endorsed by the reputable Shariah Supervisory Board, Muskun is a personalised financing plan that brings to the home of one's choice within one's reach.

BankIslami is the first bank to have launched a home financing product, which would be available for income groups as low as Rs 15,000 per month and for residents of all areas as there are no "negative areas".

Speaking on the occasion President and CEO Hasan A. Bilgrami said, "Introduction of Muskun is a step in the direction of offering personalized Shariah compliant products to all the financial strata.-PR


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