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Saadiq Home Financing
Saadiq Home Finance facility operates on the ‘Diminishing Musharakah’ concept which is based on a rental & principal component structure. Saadiq Home Finance is a fully Shariah compliant financing facility, offered by Standard Chartered Bank. Saadiq Home Finance has been carefully developed by an international team of professionals with Islamic financial expertise, who ensure that our products are within the guidelines of Islamic finance.
At Standard Chartered, we recognize that owning a home is a family’s most cherished dream. We also understand that our customers have varied needs and preferences and are dedicated to providing you with the right solutions to meet yourand your loved one’s housing needs.
- Riba-free finance for Home purchase, Balance Transfer, Renovations, and Enhancements
- Standard Chartered can provide the larger share of the purchase price of the property
- Flexible financing tenure from 1 to 20 years
- Very affordable and competitive monthly payment plan with a regularly reducing rental amount
- No floating percentage fee on outstanding amounts
- Flexibility to make additional unit purchase
- Minimal processing charges with quick turnaround time