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  1. Manzil
  2. Homes
  3. Musharaka

Musharaka

  • Can I sell my home during the Musharaka term?
  • Can I include my closing costs in the financing?
  • What are the tax implications of Musharaka financing?
  • Could I make lump sum payments during the finance term or pay off my contract early?
  • Why is your rate pegged to the Government of Canada Bond Rate? [cite_start]Why is it not interest?
  • Who holds the title of the property?
  • How is the profit rate calculated?
  • Manzil offers amortizations up to 25 years. [cite_start]What is the difference between an amortization period and a term?
  • What would a transaction look like?
  • What financing transactions can be done through a Musharaka?
  • Is it a true partnership?
  • Why doesn't Manzil have an Ijara agreement as part of their Musharaka like other Islamic institutions do?
  • How are expenses related to the property shared between the partners?
  • Does Manzil share in the profit of the Musharaka?
  • Does Manzil share in the losses of the Musharaka?
  • Which Musharaka structure do you use?
  • What is Musharaka?
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Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417, Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.

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