Islamic Mortgage Calculator
Estimate the monthly payment and total cost of a halal home-finance plan — Diminishing Musharaka or Ijara — so you can budget and compare providers. The profit rate replaces interest, but the monthly maths is similar.
Your plan
Your payment
How halal home finance works
A conventional mortgage charges interest (ribā), which is prohibited. Islamic home finance reaches the same goal — owning a home you pay for over time — through Sharīʿah-compliant contracts instead:
- Diminishing Musharaka (co-ownership). You and the provider jointly buy the home. You pay rent on their share and gradually buy it out, until you own 100%. The most common model.
- Ijara (lease-to-own). The provider buys the home and leases it to you; ownership transfers at the end.
- Murabaha (cost-plus sale). The provider buys the home and sells it to you at a disclosed mark-up, paid in instalments.
Because there's still a cost of finance (the "profit rate"), the monthly payment is calculated much like a repayment mortgage — which is why this tool can estimate it and help you compare offers.
What to check before signing
Is the contract genuinely Sharīʿah-certified (named scholars / a Sharia board)? How is the profit rate set and can it change? What are the fees and early-settlement terms? Compare the total cost, not just the monthly figure. Our providers comparison walks through it.
Your home and your estate
A financed home is part of your estate: its value is an asset, and the outstanding finance is a debt to be settled before inheritance. That's one more reason to pair a home-finance plan with a Sharīʿah-compliant will and adequate family cover, so your family keeps the home if something happens to you.
Plan the whole picture
A home is your biggest asset — make sure it passes on correctly.