Media Center
Citytouch
Citygems
Citygem
i-Banking
i-Banking
City ATM
City ATM
Branch Locator
City Branches
Media Center
City Career
Media Center
Media Center
Branch Locator
Download Forms
Manarah Current Account | Manarah Savings Account | Manarah Term Deposit Receipt | Manarah Monthly Deposit Scheme | Manarah Personal Finance | Manarah Auto Finance | Manarah Home Finance
Manarah Hajj Deposit Scheme| IISR: Mudarabah Profit Sharing Mechanism | Schedule of Charges | Islamic Banking Investment Rate
Manarah Home Finance
Manarah Home Finance is a terminating facility (EMI based) for house financing purpose which is operated as per HPSM (Hire Purchase under Shirkatul Melk) mode of Islamic financing. In HPSM as the customer pays monthly installment ownership of the bank decreases and that of the customer increases. Monthly installment includes both rental and principal to buy back bank’s ownership gradually over the financing period. The Manarah Home Finance can be made for purchase of ready flat or under construction flat, construction/expansion/renovation of existing flat or house, takeover of existing home finance facility from other financial institutions which has been approved under Shariah mode.
Features
Finance amount Minimum BDT 5,00,000/-
Maximum BDT 1,20,00,000/-
Tenure Maximum 25 years
No Compound Calculation
* For details, please contact nearest City Branches.
All About City Bank
Highlights
Vision, Mission & Values
MD & CEO's Message
Board of Directors
Management Committee
Annual Reports
Financial Statements
Disclosures on Risk Based Capital (Basel II)
CRAB Rating Update - June 2016
Anti-Money Laundering
Request for Proposal
Press Releases
Complaint Cell