1 Customize Your Property Purchase Scenario
Adjust parameters to see real-time updates of all upfront, monthly, and future sale exit obligations.
Total Upfront Cash Needed
Down payment + Manzil 2% fee + Legal & Closing costs
Total Monthly Obligation
Equity buyout + Profit rate + Taxes + Insurance
Future Exit & Selling Costs
Estimated fees if selling during vs. after contract term
Monthly Payment Breakdown Visualizer
Complete Manzil Fee Structure
Side-by-side exhaustive classification of all one-time closing vs recurring operational obligations.
đź“Ś One-Time Upfront & Exit Fees
Event BasedYour initial co-ownership capital contribution required to establish the partnership balance.
One-time underwriting, legal structuring, and administrative processing fee.
Independent legal fees to register co-ownership, land registry title, and Musharaka contracts.
Certified third-party real estate appraisal to verify property fair market value prior to funding.
Government taxes based on location (e.g., Ontario LTT + Municipal Toronto LTT where applicable).
Administrative processing fee to discharge Manzil's co-ownership interest if sold before term completion.
Lawyer fees to handle deed release, statement of adjustments, and co-ownership buyout execution.
Standard market real estate brokerage commission upon listing and completing home sale.
🔄 Recurring & Ongoing Obligations
Monthly / PeriodicMonthly installment that systematically purchases Manzil's shares, gradually increasing your equity to 100%.
Fair profit rate paid for occupying Manzil's co-owned share of the home in lieu of conventional interest (*Riba*).
Remitted either directly to city or collected in escrow alongside monthly financing installments.
Required comprehensive insurance policy protecting both co-owners against loss or damage.
At the end of each fixed term, the rental profit rate is adjusted to reflect prevailing market benchmarks for the next term.
Understanding Declining Co-Ownership (Diminishing Musharaka)
Unlike standard bank mortgages based on lending money for interest profit, Manzil operates on real asset co-ownership.
Joint Purchase
You provide a minimum 20% down payment, and Manzil provides the remaining 80%. Together, you buy the home as joint legal co-owners.
Monthly Buy-Back & Rent
Each month, you pay rent for occupying Manzil's share of the home, plus an additional amount to buy back a portion of Manzil’s shares.
100% Sole Title Transfer
As you acquire 100% of the shares over the amortization period, Manzil gradually exits ownership, leaving you as sole owner.
AAOIFI Shariah Compliance Verified
Supervised by independent Islamic scholars ensuring adherence to global Islamic financial standards (AAOIFI).
