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Overview.
The customer makes payments to purchase a property using the Kafaalat Payment Plan, which is based on a ‘Diminishing Mursharaka’.
The customer essentially purchases shares to gain ownership of the property but whilst taking exclusive use of the property,
the customer pays a diminishing management fee as well as share purchase.
On Booking
The customer pays an initial deposit typically on booking to purchase shares of the property.
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5 - 15 Years
Each month the customer pays a single figure for a combined management fee and share purchase.
As the number of shares increase the fee reduces. As the number of customer shares increase the risk to the developer decreases.
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Sharia Compliance
The Kafaalat Payment Plan was from its very inception created with consultation of the UK Islamic Law Council.
The plan has been meticulously checked and verified and is consistent with Islamic principles; Kafaalat has Sharia scholars based in the UK and Dubai.
Legal Agreement
The Kafaalat Payment Plan is a shared ownership agreement, successfully used throughout the world.
The customer is not permitted to borrow against the property as security.
Learn more »
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