halal
rates

Mortgage calculator
Halal mortgage, side by side.
Enter the home price, down payment, term, and an indicative profit rate. We compute monthly payment and total cost across all four structures. Listed conventional for reference; Mufti review applies to the three halal structures.
Inputs
Adjust to your situation.
Home price (USD)
Down payment (USD)
Term (years)
Profit rate (% annual)
Use the conventional rate as a proxy. Halal providers price comparably in most US markets.
Comparison
$400,000 financed over 360 months.
Conventional
$2,528/mo
Standard amortizing loan with interest. Listed for reference.
$910,178
Total cost
$510,178
Total profit
Musharakah
$2,541/mo
Diminishing partnership. Co-ownership transferred over the term.
$914,729
Total cost
$514,729
Total profit
Ijara
$2,554/mo
Lease-to-own. Financier owns; you rent until the term ends.
$919,280
Total cost
$519,280
Total profit
Murabaha
$3,278/mo
Cost-plus-markup sale. Total fixed at signing; flat monthly payments.
$1,180,000
Total cost
$780,000
Total profit
How the math differs
Same house, four payment streams.
Conventional
Standard amortization. Interest accrues on outstanding principal; payment is constant; principal balance falls over time. Reference number, not a halal product.
Musharakah (Diminishing)
The financier and you co-own the home. Each payment is part rent (for the financier's share) and part buyout (transferring ownership to you). Risk is genuinely shared. Mufti review verifies the recourse policy and rental adjustment formula.
Ijara wa Iqtina
The financier owns the home and leases it to you with a binding promise to transfer ownership at the end. Each payment is rent plus an acquisition payment. Mufti review verifies the lease structure and transfer mechanics.
Murabaha
The financier buys the home and resells it to you at a transparent markup, paid in flat installments. Total cost is fixed at signing. Mufti review verifies the markup is independent of any conventional rate index.
The numbers above use a simplified model that holds total cost roughly comparable across structures at the same nominal rate. Real provider quotes vary; use Get Matched for live rates from providers serving your state.
References:
AAOIFI Standards 8, 9, 12
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