BARAKAH AAMAR BARI
Your Dream Home, the Shariah-Compliant Way
Looking to buy your own apartment or house, build a new one, or renovate your existing home?
IFIC Islamic Home Finance – HPSM Barakah Aamar Bari offers a Shariah-compliant way to make your dream home a reality.
This product follows the Hire Purchase under Shirkatul Meelk (HPSM) model — a unique Islamic financing structure where you and IFIC Bank jointly own the property. Over time, as you make payments, full ownership gradually transfers to you.
What You Can Use It For
- Purchase a new, used, or ready flat/house/apartment
- Construct, extend, or renovate your existing home
- Take over home finance from another financial institution (as per Shariah guidelines)
Finance Amount
- Minimum: BDT 5,00,000
- Maximum: BDT 2,00,00,000
(Up to BDT 50,00,000 for Semi-Pucca and up to BDT 2 Crore for others.)
Tenure Options
|
Customer Type |
Semi-Pucca |
Other Than Semi-Pucca |
|---|---|---|
|
Salaried / Self-Employed / Businessperson / Landlord |
1–15 years |
1–25 years |
|
Contractual Officials |
1–10 years |
1–15 years |
Minimum Income Requirement
- Salaried: Tk. 35,000/month (A/C payee or partial A/C payee; cash ≤ 40%)
- Self-Employed & Businessperson: Tk. 40,000/month (40% must be reflected in account)
- Landlord: Tk. 40,000/month (25% rental income must reflect in account)
- Co-applicant (optional): Tk. 10,000/month (if considered)
Eligibility
- Bangladeshi (Resident or Non-Resident)
- Account holder of IFIC Bank
- Must own property in own name
- Age: 22–70 years (at least one applicant within this range)
- Minimum 6 months at current address
- Experience: 1 year (salaried) or 2 years (others)
Why Choose HPSM Barakah Aamar Bari
- 100% Shariah-compliant
- Flexible tenure up to 25 years
- Transparent process with no hidden charges
- Affordable monthly rentals leading to full ownership
- Easy takeover from other banks or institutions
Apply Today
Turn your dream home into reality — with ethical and Shariah-compliant home financing.
Visit your nearest IFIC Bank branch or uposhakha to learn more or apply today.