BankIslami MUSKUN Home Financing
What MUSKUN actually costs to apply for, and how the Diminishing Musharakah plus Ijarah structure works.
- Diminishing Musharakah
- Ijarah
- Purchase, Construction, Renovation
MUSKUN is BankIslami's home financing product, structured on Diminishing Musharakah plus Ijarah rather than an interest-bearing loan. The bank and the customer jointly own the property; the customer pays rent on the bank's share while buying out its ownership units over time.
MUSKUN Application & Appraisal Fees (Jul–Dec 2026)
| Fee | Charge |
|---|---|
| Application, Stage 1 (pre-login, non-refundable) | Rs. 8,000 |
| Application, Stage 2 (pre-sanction, non-refundable) | Rs. 7,000 |
| Appraisal, property up to Rs. 10M | Rs. 4,500 (land: Rs. 4,000) |
| Appraisal, property above Rs. 10M | Rs. 9,000 |
| BOQ verification | Rs. 3,000 |
| BOQ tranche visit | Rs. 3,000 per visit |
| Income estimation | Rs. 7,000 |
From BankIslami's official Schedule of Bank Charges, 1st July to 31st December 2026.
Early Purchase / Payoff Terms
Paying off MUSKUN early costs 5% of the outstanding facility amount within the first year of disbursement, and nothing extra after that. The same rule applies to refinancing another bank's facility, except the cutoff there is five years rather than one. Customers can also make a balloon payment once every six months, equal to at least three instalments, at an additional 5% of the Musharakah unit price on the units purchased.
MUSKUN Home Financing Calculator
BankIslami's rental rate on MUSKUN is quoted individually per applicant, benchmarked off KIBOR plus a spread that varies by risk profile and tenure. Enter the property value, your down payment, tenure, and the rental rate quoted to you (or one you're comparing against) to estimate the monthly payment under the Diminishing Musharakah plus Ijarah structure. This is an illustrative estimate only — not an official BankIslami quotation.
Illustrative estimate only — not an official BankIslami quotation. Models a simple declining-balance rental spread evenly across the tenure on the bank's financed share; actual MUSKUN pricing, rental resets, and approval terms are set by BankIslami and may differ. Application/appraisal fees per BankIslami's official Schedule of Bank Charges, 1st July to 31st December 2026, are not included in the totals above.
What MUSKUN Covers
Purchase
Financing to buy a ready residential property.
Construction
Financing released in stages against BOQ-verified progress.
Renovation
Financing for major home improvement work.
Working women get preferential MUSKUN terms under Mashal: reduced rental rates, a 50% reduction in the application processing fee, and a 25% reduction in the additional purchase price on early termination.
Frequently Asked Questions
Does BankIslami have a home loan calculator?
BankIslami's MUSKUN home financing isn't an interest-bearing loan, so figures work differently from a conventional mortgage calculator: it's structured on Diminishing Musharakah plus Ijarah, with the customer paying rent on the bank's ownership share while buying out its units over time.
What are the MUSKUN application fees?
A two-stage application fee of Rs. 8,000 (Stage 1, pre-login) plus Rs. 7,000 (Stage 2, pre-sanction), both non-refundable.
What does paying off MUSKUN early cost?
5% of the outstanding facility amount if paid within the first year of disbursement, and nothing extra after that; refinancing from another bank uses a five-year cutoff instead.
What can MUSKUN be used for?
Purchase of a ready residential property, construction, and renovation financing.
Is there a Bank Islami home loan calculator on this page?
Yes. This page includes a free MUSKUN payment calculator that models the Diminishing Musharakah plus Ijarah structure: enter the property value, down payment, tenure, and the rental rate quoted to you to estimate the monthly payment and total cost.
Good For
- Budgeting MUSKUN's real upfront fees before applying
- Understanding what early payoff actually costs
- Comparing MUSKUN's fee structure against conventional mortgages
- Checking Mashal's discounted terms for working women
More on BankIslami
Bank Overview
History, leadership, ownership, and key facts.
Account Opening & Rates
Deposit accounts, profit rates, and Gen Z Account.
Mashal Women Banking
Accounts and discounted financing for women.
Priority Banking
Eligibility and fee waivers for relationship customers.
Safe Deposit Lockers
Locker sizes, rent, and Takaful coverage.
Humsafar Travel Now, Pay Later
BankIslami's travel BNPL product.
Related Banks
For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, SECP.