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The Manzil Ijara Calculator

 

 

 
 

 

The monthly cost of the Ijara Home Purchase Plan may vary, depending upon a number of factors including, the value of the property, the amount of downpayment, the term of the payment and the Rental Rate, which is currently 6.99%. The Rental Rate is reviewed on 1st April each year with new monthly payments commencing thereafter. This illustration does not take into account the cost of the Building Insurance (where applicable)

We guarantee that the Rental Rate will not be more than 2.0% above the 12 month LIBOR (London InterBank Offered Rate) at the time of recalculation. Any change in the Rental Rate (either up or down) will be notified in writing to you.

Please be aware that the information provided to you by the calculator is provided for information only, and subject to change at the Banks discretion.

Any calculations made by the calculator should not be treated as an offer, promise, investment, legal or tax advice, nor is it to be relied on in making an investment or other decision.

To ensure you have the most up to date information available, we would be happy to provide you with a detailed illustration, please contact our freephone helpline on 0800 783 3323.

In addition to these monthly payments please remember there are additional non refundable costs in setting up your home purchase plan, details of which can be found in our Payment Tariff Leaflet.

Click here to download our Payment Tariff Leaflet.

The Financial Services Authority have asked us to provide you with the information contained in the two documents below, which contain important information about our Islamic home purchase plans:-

  Key Facts Initial Disclosure Document   Key Facts Risks and Features Document
Please read these documents and then save them or print a copy of them for your records.

To access the calculator please indicate that you have read the Key Facts Initial Disclosure document and the Key Facts Risks and Features document by checking the boxes below:-

Forename(s): Surname: Title: Purchase Price (£): Initial Deposit (£): Term in Years: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP MONTHLY PAYMENTS ON YOUR HOME PURCHASE PLAN