Under Diminishing Musharaka, Ghazanfar Bank and the customer jointly own the asset, each contributing an agreed share of its value. The customer pays rent (Ijarah) for using the bank's portion and, alongside the rent, periodically purchases units of the bank's share. As the customer's ownership grows, the bank's share - and the rent payable - diminishes, until the customer owns the asset outright. This makes it a fully Shariah-compliant alternative to a conventional mortgage.
AFN 500,000Minimum financing amount available for an eligible asset.
AFN 20,000,000Up to AFN 20,000,000 or 80% of the asset value, whichever is lower.
Note : The financing amount, ownership share and tenure are subject to the bank's assessment of the applicant's income, the asset value and creditworthiness.
Need assistance? Call our customer service at +93 (0) 20 220 4400.
Structured under the Musharaka Mutanaqisah principle and certified by our Shariah Supervisory Board, with no interest (riba) involved.
Increase your ownership share over time by buying out the bank's units until the asset is fully yours.
The bank and you jointly own the asset, sharing the investment from day one.
The bank and the customer jointly purchase and own the asset
The customer periodically buys the bank's units, increasing their ownership share
The customer pays rent (Ijarah) on the bank's remaining share
The rent reduces as the bank's share diminishes
Afghan nationals and legal residents aged 18 or above with valid identification.
Employed applicants with a stable, verifiable monthly income.
Valid National ID (Tazkira) or Passport
Proof of income (salary certificate or bank statements for the last 6 months)
Proof of address (utility bill, rental agreement, or official document)
Property documents, sale agreement, or proforma from the seller
| Service | Charges |
|---|---|
| Processing Fee | 1% of financing amount |
| Customer Equity (Initial Share) | Minimum 20% of asset value |
| Rental Rate (on bank's share) | As per agreement, reviewed periodically |
| Financing Tenure | Up to 15 years |
| Late Payment Charge |
You pay rent only on the bank's remaining share, so your rental cost reduces as your ownership grows.
Choose a repayment period of up to 15 years with installments tailored to your budget.
All terms, the rental rate and the unit purchase schedule are agreed and documented upfront, with full transparency.
Full ownership transfers to the customer once all units are purchased
Important: The rental rate applies only to the bank's share and is reviewed periodically as ownership shifts to the customer. All operations are conducted in accordance with Shariah principles as certified by our Shariah Supervisory Board.
Entrepreneurs and professionals with a registered business and steady income.
Applicants who meet the bank's minimum income requirement to support the monthly payments.
For specific eligibility requirements or special circumstances, please contact your nearest Ghazanfar Bank branch.
Two recent passport-size photographs
Download our official Diminishing Musharaka application form and complete it before your visit.
Note All documents must be original. Additional documents may be requested by the bank during processing.
| Donated to charity (Waqf fund) |
| Early Settlement | Allowed by purchasing remaining units |
| Property Takaful (Insurance) | As per Takaful provider |
Get the full list of charges for all financing services.
Important : All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers. Late payment amounts are donated to charity and are not treated as bank income, in line with Shariah principles.
