All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
It is a partnership in which the customer and the bank both invest jointly to own an asset. HBL Diminishing Musharakah (DM) is a form of ‘Musharakah’ in which the ownership of the asset is divided into units. The bank then leases its share of asset (units) to the customer against rental payments. In parallel, the customer periodically purchases the units under the ownership of the bank. Upon purchase of all the units, the customer becomes the sole owner of the asset.
Note: Terms and Conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC)