Islamic Banking Division

Repayment Schedule Housing Finance

Client:
Nature of financing Diminishing Musharika
Value of Land 0 Rs.
Estimated Cost of Construction Rs.
Total Value of House 0 Rs.
Purpose of finance 1 HOME PURCHASE
HOME PURCHASE Months
Tenure of finance 20 Years 240
Finance amount 4,000,000 Rs.
Profit rate 10.00% Req. Income
Gross Monthly Income 170,000 Rs. 100,208
Net Monthly Income 161,500 Rs.
Gross Annual Income 2,040,000 Rs.
Eligibility Limit 6,800,000 Rs.
Borrower's Equity -4,000,000 Rs.
Unit price 16,667 Rs.
Finance %of total value of house #DIV/0!
Grace Period - Years
Profit/rent for grace period - Rs.
Number of payments 240
Property tax per year - Rs.
Mortgage Protection Plan - Rs. 0.000%
Property Insurance - Rs. 0.000%
Average Monthly Installment 33,403 Rs.
Avg. Monthly Repayment % of Gross Income 20%
Avg. Monthly Repayment % of Net Income 21%
1st Monthly Installment 50,000 Rs.
Units Repayment Option FULL 2 FULL
Value of
Monthly Monthly
Month Unit price Rent Balance
Rental Payment
Units
0 4,000,000
1 16,667 33,333 33,333 50,000 3,983,333
2 16,667 33,194 33,194 49,861 3,966,667
3 16,667 33,056 33,056 49,722 3,950,000
4 16,667 32,917 32,917 49,583 3,933,333
5 16,667 32,778 32,778 49,444 3,916,667
6 16,667 32,639 32,639 49,306 3,900,000
7 16,667 32,500 32,500 49,167 3,883,333
 Islamic Banking Division

Repayment Schedule Housing Finance

8 16,667 32,361 32,361 49,028 3,866,667

9 16,667 32,222 32,222 48,889 3,850,000
10 16,667 32,083 32,083 48,750 3,833,333
11 16,667 31,944 31,944 48,611 3,816,667
12 16,667 31,806 31,806 48,472 3,800,000
13 16,667 31,667 31,667 48,333 3,783,333
14 16,667 31,528 31,528 48,194 3,766,667
15 16,667 31,389 31,389 48,056 3,750,000
16 16,667 31,250 31,250 47,917 3,733,333
17 16,667 31,111 31,111 47,778 3,716,667
18 16,667 30,972 30,972 47,639 3,700,000
19 16,667 30,833 30,833 47,500 3,683,333
20 16,667 30,694 30,694 47,361 3,666,667
21 16,667 30,556 30,556 47,222 3,650,000
22 16,667 30,417 30,417 47,083 3,633,333
23 16,667 30,278 30,278 46,944 3,616,667
24 16,667 30,139 30,139 46,806 3,600,000
25 16,667 30,000 30,000 46,667 3,583,333
26 16,667 29,861 29,861 46,528 3,566,667
27 16,667 29,722 29,722 46,389 3,550,000
28 16,667 29,583 29,583 46,250 3,533,333
29 16,667 29,444 29,444 46,111 3,516,667
30 16,667 29,306 29,306 45,972 3,500,000
31 16,667 29,167 29,167 45,833 3,483,333
32 16,667 29,028 29,028 45,694 3,466,667
33 16,667 28,889 28,889 45,556 3,450,000
34 16,667 28,750 28,750 45,417 3,433,333
35 16,667 28,611 28,611 45,278 3,416,667
36 16,667 28,472 28,472 45,139 3,400,000
37 16,667 28,333 28,333 45,000 3,383,333
38 16,667 28,194 28,194 44,861 3,366,667
39 16,667 28,056 28,056 44,722 3,350,000
40 16,667 27,917 27,917 44,583 3,333,333
41 16,667 27,778 27,778 44,444 3,316,667
42 16,667 27,639 27,639 44,306 3,300,000
43 16,667 27,500 27,500 44,167 3,283,333
44 16,667 27,361 27,361 44,028 3,266,667
45 16,667 27,222 27,222 43,889 3,250,000
 Islamic Banking Division

Repayment Schedule Housing Finance

46 16,667 27,083 27,083 43,750 3,233,333

47 16,667 26,944 26,944 43,611 3,216,667
48 16,667 26,806 26,806 43,472 3,200,000
49 16,667 26,667 26,667 43,333 3,183,333
50 16,667 26,528 26,528 43,194 3,166,667
51 16,667 26,389 26,389 43,056 3,150,000
52 16,667 26,250 26,250 42,917 3,133,333
53 16,667 26,111 26,111 42,778 3,116,667
54 16,667 25,972 25,972 42,639 3,100,000
55 16,667 25,833 25,833 42,500 3,083,333
56 16,667 25,694 25,694 42,361 3,066,667
57 16,667 25,556 25,556 42,222 3,050,000
58 16,667 25,417 25,417 42,083 3,033,333
59 16,667 25,278 25,278 41,944 3,016,667
60 16,667 25,139 25,139 41,806 3,000,000
61 16,667 25,000 25,000 41,667 2,983,333
62 16,667 24,861 24,861 41,528 2,966,667
63 16,667 24,722 24,722 41,389 2,950,000
64 16,667 24,583 24,583 41,250 2,933,333
65 16,667 24,444 24,444 41,111 2,916,667
66 16,667 24,306 24,306 40,972 2,900,000
67 16,667 24,167 24,167 40,833 2,883,333
68 16,667 24,028 24,028 40,694 2,866,667
69 16,667 23,889 23,889 40,556 2,850,000
70 16,667 23,750 23,750 40,417 2,833,333
71 16,667 23,611 23,611 40,278 2,816,667
72 16,667 23,472 23,472 40,139 2,800,000
73 16,667 23,333 23,333 40,000 2,783,333
74 16,667 23,194 23,194 39,861 2,766,667
75 16,667 23,056 23,056 39,722 2,750,000
76 16,667 22,917 22,917 39,583 2,733,333
77 16,667 22,778 22,778 39,444 2,716,667
78 16,667 22,639 22,639 39,306 2,700,000
79 16,667 22,500 22,500 39,167 2,683,333
80 16,667 22,361 22,361 39,028 2,666,667
81 16,667 22,222 22,222 38,889 2,650,000
82 16,667 22,083 22,083 38,750 2,633,333
83 16,667 21,944 21,944 38,611 2,616,667
 Islamic Banking Division

Repayment Schedule Housing Finance

84 16,667 21,806 21,806 38,472 2,600,000

85 16,667 21,667 21,667 38,333 2,583,333
86 16,667 21,528 21,528 38,194 2,566,667
87 16,667 21,389 21,389 38,056 2,550,000
88 16,667 21,250 21,250 37,917 2,533,333
89 16,667 21,111 21,111 37,778 2,516,667
90 16,667 20,972 20,972 37,639 2,500,000
91 16,667 20,833 20,833 37,500 2,483,333
92 16,667 20,694 20,694 37,361 2,466,667
93 16,667 20,556 20,556 37,222 2,450,000
94 16,667 20,417 20,417 37,083 2,433,333
95 16,667 20,278 20,278 36,944 2,416,667
96 16,667 20,139 20,139 36,806 2,400,000
97 16,667 20,000 20,000 36,667 2,383,333
98 16,667 19,861 19,861 36,528 2,366,667
99 16,667 19,722 19,722 36,389 2,350,000
100 16,667 19,583 19,583 36,250 2,333,333
101 16,667 19,444 19,444 36,111 2,316,667
102 16,667 19,306 19,306 35,972 2,300,000
103 16,667 19,167 19,167 35,833 2,283,333
104 16,667 19,028 19,028 35,694 2,266,667
105 16,667 18,889 18,889 35,556 2,250,000
106 16,667 18,750 18,750 35,417 2,233,333
107 16,667 18,611 18,611 35,278 2,216,667
108 16,667 18,472 18,472 35,139 2,200,000
109 16,667 18,333 18,333 35,000 2,183,333
110 16,667 18,194 18,194 34,861 2,166,667
111 16,667 18,056 18,056 34,722 2,150,000
112 16,667 17,917 17,917 34,583 2,133,333
113 16,667 17,778 17,778 34,444 2,116,667
114 16,667 17,639 17,639 34,306 2,100,000
115 16,667 17,500 17,500 34,167 2,083,333
116 16,667 17,361 17,361 34,028 2,066,667
117 16,667 17,222 17,222 33,889 2,050,000
118 16,667 17,083 17,083 33,750 2,033,333
119 16,667 16,944 16,944 33,611 2,016,667
120 16,667 16,806 16,806 33,472 2,000,000
121 16,667 16,667 16,667 33,333 1,983,333
 Islamic Banking Division

Repayment Schedule Housing Finance

122 16,667 16,528 16,528 33,194 1,966,667

123 16,667 16,389 16,389 33,056 1,950,000
124 16,667 16,250 16,250 32,917 1,933,333
125 16,667 16,111 16,111 32,778 1,916,667
126 16,667 15,972 15,972 32,639 1,900,000
127 16,667 15,833 15,833 32,500 1,883,333
128 16,667 15,694 15,694 32,361 1,866,667
129 16,667 15,556 15,556 32,222 1,850,000
130 16,667 15,417 15,417 32,083 1,833,333
131 16,667 15,278 15,278 31,944 1,816,667
132 16,667 15,139 15,139 31,806 1,800,000
133 16,667 15,000 15,000 31,667 1,783,333
134 16,667 14,861 14,861 31,528 1,766,667
135 16,667 14,722 14,722 31,389 1,750,000
136 16,667 14,583 14,583 31,250 1,733,333
137 16,667 14,444 14,444 31,111 1,716,667
138 16,667 14,306 14,306 30,972 1,700,000
139 16,667 14,167 14,167 30,833 1,683,333
140 16,667 14,028 14,028 30,694 1,666,667
141 16,667 13,889 13,889 30,556 1,650,000
142 16,667 13,750 13,750 30,417 1,633,333
143 16,667 13,611 13,611 30,278 1,616,667
144 16,667 13,472 13,472 30,139 1,600,000
145 16,667 13,333 13,333 30,000 1,583,333
146 16,667 13,194 13,194 29,861 1,566,667
147 16,667 13,056 13,056 29,722 1,550,000
148 16,667 12,917 12,917 29,583 1,533,333
149 16,667 12,778 12,778 29,444 1,516,667
150 16,667 12,639 12,639 29,306 1,500,000
151 16,667 12,500 12,500 29,167 1,483,333
152 16,667 12,361 12,361 29,028 1,466,667
153 16,667 12,222 12,222 28,889 1,450,000
154 16,667 12,083 12,083 28,750 1,433,333
155 16,667 11,944 11,944 28,611 1,416,667
156 16,667 11,806 11,806 28,472 1,400,000
157 16,667 11,667 11,667 28,333 1,383,333
158 16,667 11,528 11,528 28,194 1,366,667
159 16,667 11,389 11,389 28,056 1,350,000
 Islamic Banking Division

Repayment Schedule Housing Finance

160 16,667 11,250 11,250 27,917 1,333,333

161 16,667 11,111 11,111 27,778 1,316,667
162 16,667 10,972 10,972 27,639 1,300,000
163 16,667 10,833 10,833 27,500 1,283,333
164 16,667 10,694 10,694 27,361 1,266,667
165 16,667 10,556 10,556 27,222 1,250,000
166 16,667 10,417 10,417 27,083 1,233,333
167 16,667 10,278 10,278 26,944 1,216,667
168 16,667 10,139 10,139 26,806 1,200,000
169 16,667 10,000 10,000 26,667 1,183,333
170 16,667 9,861 9,861 26,528 1,166,667
171 16,667 9,722 9,722 26,389 1,150,000
172 16,667 9,583 9,583 26,250 1,133,333
173 16,667 9,444 9,444 26,111 1,116,667
174 16,667 9,306 9,306 25,972 1,100,000
175 16,667 9,167 9,167 25,833 1,083,333
176 16,667 9,028 9,028 25,694 1,066,667
177 16,667 8,889 8,889 25,556 1,050,000
178 16,667 8,750 8,750 25,417 1,033,333
179 16,667 8,611 8,611 25,278 1,016,667
180 16,667 8,472 8,472 25,139 1,000,000
181 16,667 8,333 8,333 25,000 983,333
182 16,667 8,194 8,194 24,861 966,667
183 16,667 8,056 8,056 24,722 950,000
184 16,667 7,917 7,917 24,583 933,333
185 16,667 7,778 7,778 24,444 916,667
186 16,667 7,639 7,639 24,306 900,000
187 16,667 7,500 7,500 24,167 883,333
188 16,667 7,361 7,361 24,028 866,667
189 16,667 7,222 7,222 23,889 850,000
190 16,667 7,083 7,083 23,750 833,333
191 16,667 6,944 6,944 23,611 816,667
192 16,667 6,806 6,806 23,472 800,000
193 16,667 6,667 6,667 23,333 783,333
194 16,667 6,528 6,528 23,194 766,667
195 16,667 6,389 6,389 23,056 750,000
196 16,667 6,250 6,250 22,917 733,333
197 16,667 6,111 6,111 22,778 716,667
 Islamic Banking Division

Repayment Schedule Housing Finance

198 16,667 5,972 5,972 22,639 700,000

199 16,667 5,833 5,833 22,500 683,333
200 16,667 5,694 5,694 22,361 666,667
201 16,667 5,556 5,556 22,222 650,000
202 16,667 5,417 5,417 22,083 633,333
203 16,667 5,278 5,278 21,944 616,667
 Islamic Banking Division

Repayment Schedule Housing Finance

204 16,667 5,139 5,139 21,806 600,000

205 16,667 5,000 5,000 21,667 583,333
206 16,667 4,861 4,861 21,528 566,667
207 16,667 4,722 4,722 21,389 550,000
208 16,667 4,583 4,583 21,250 533,333
209 16,667 4,444 4,444 21,111 516,667
210 16,667 4,306 4,306 20,972 500,000
211 16,667 4,167 4,167 20,833 483,333
212 16,667 4,028 4,028 20,694 466,667
213 16,667 3,889 3,889 20,556 450,000
214 16,667 3,750 3,750 20,417 433,333
215 16,667 3,611 3,611 20,278 416,667
216 16,667 3,472 3,472 20,139 400,000
217 16,667 3,333 3,333 20,000 383,333
218 16,667 3,194 3,194 19,861 366,667
219 16,667 3,056 3,056 19,722 350,000
220 16,667 2,917 2,917 19,583 333,333
221 16,667 2,778 2,778 19,444 316,667
222 16,667 2,639 2,639 19,306 300,000
223 16,667 2,500 2,500 19,167 283,333
224 16,667 2,361 2,361 19,028 266,667
225 16,667 2,222 2,222 18,889 250,000
226 16,667 2,083 2,083 18,750 233,333
227 16,667 1,944 1,944 18,611 216,667
228 16,667 1,806 1,806 18,472 200,000
229 16,667 1,667 1,667 18,333 183,333
230 16,667 1,528 1,528 18,194 166,667
231 16,667 1,389 1,389 18,056 150,000
232 16,667 1,250 1,250 17,917 133,333
233 16,667 1,111 1,111 17,778 116,667
234 16,667 972 972 17,639 100,000
235 16,667 833 833 17,500 83,333
236 16,667 694 694 17,361 66,667
237 16,667 556 556 17,222 50,000
238 16,667 417 417 17,083 33,333
239 16,667 278 278 16,944 16,667
240 16,667 139 139 16,806 -
 Islamic Banking Division

Repayment Schedule Housing Finance

Total ### ### - - ### ###

 Islamic Banking Division

Alfalah Musharaka Homes Payment Plan

HOME PURCHASE

Client: 0
Value of Land - Rs.
Estimated Cost of Construction - Rs.
Total Value of House - Rs.
Tenure of Musharaka 20 Years
Bank's Share in Musharaka Investment 4,000,000 Rs.
Borrower's Share in Musharaka Investment (4,000,000) Rs.
% of Bank's Share #DIV/0!
Unit price 16,667 Rs.
Number of payments 240 Months
1st Monthly Payment 50,000 Rs.
Average Monthly Payment 33,403 Rs.
Units Repayment Options FULL
Value of
Monthly Monthly
Month Unit price Balance
Rental Payment
Units
0 - - - 4,000,000
1 16,667 33,333 50,000 3,983,333
2 16,667 33,194 49,861 3,966,667
3 16,667 33,056 49,722 3,950,000
4 16,667 32,917 49,583 3,933,333
5 16,667 32,778 49,444 3,916,667
6 16,667 32,639 49,306 3,900,000
7 16,667 32,500 49,167 3,883,333
8 16,667 32,361 49,028 3,866,667
9 16,667 32,222 48,889 3,850,000
10 16,667 32,083 48,750 3,833,333
11 16,667 31,944 48,611 3,816,667
12 16,667 31,806 48,472 3,800,000
Total 200,000 390,833 590,833

Please Note that rent will be calcula 10.00% p.a. for the 1st year only, after the
expiry of the term of fixed rate of rent, the rate will be subject to revision. Hence the Grand Total
is calculated on basis of projection.