Islamic Facilities
HDFC Amna offers Shari'ah-compliant housing finance for Musharaka Muthanaqisa (land & construction and purchase of housing unit) and Murabaha (home improvement).
Amna Products
HDFC Amna offers three Shari'ah-compliant products: Musharaka Muthanaqisa for land and construction (11–12.25%), Musharaka Muthanaqisa for purchase of housing unit (10–11%), and Murabaha for home improvement (11%). All with complete segregation of funds and oversight by our Shari'ah Supervisory Board.
Purchase of Land & Construction
Diminishing partnership for land and construction. Profit rate 11–12.25% depending on equity. Compliant with Shari'ah principles.
Purchase of Housing Unit
Diminishing partnership for purchasing a completed housing unit. Profit rate 10–11%. Full segregation of funds.
Home Improvement
Cost-plus financing for home renovation or extension. Profit rate 11%. Based on Islamic concepts with Shari'ah Committee approval.
Eligibility Criteria
- All co-owners to the property offered as security must be co-applicant or a legal consent is required.
- Must have a minimum of one co-applicant who has a legal connection to the property, by inheritance/marriage (40% of the pooled income considered for EMI), or with an independent guarantor acceptable to HDFC.
- Maximum age of an applicant for the income to be considered for repayment capacity is 65.
- Owner/co-owner must be a major if not apply through a court assigned legal guardian.
- Primary mortgage on the property being developed, purchased, or renovated.
- Building insurance covering 100% of the property value through a reputed agency approved by HDFC.
- Mortgage property value must be at least 125% of the approved loan amount.
Application Process
Online Application
Submit your architectural plans, construction contract, and financial documents through our portal.
Valuation & Approval
Our team performs an "as-if-complete" valuation and reviews your builder's credentials for final approval.
Closing & Disbursement
After closing, funds are released to your builder at each completed milestone of the construction.
How Shariah-Compliant Financing Works
Islamic housing finance operates on principles of fairness and shared responsibility. Unlike conventional loans, there is no interest charged, and both parties participate in the property's ownership structure. This approach has served communities for centuries and continues to offer a genuine alternative.
What Sets Us Apart
Built on shared ownership and mutual benefit
No Hidden Interest Charges
Every fee is disclosed upfront and explained clearly
Flexible Repayment Terms
Adjust your payment schedule to match your circumstances
Ethical Investment Structure
Your money supports ventures aligned with Islamic principles
FAQs
Find answers to common questions about our facilities and how to apply.
We offer straightforward terms, competitive rates, and a process built on transparency. Our team understands what you need and works to get you there without the usual complications.
Most applications are reviewed within two weeks. We move fast because we know time matters when you're ready to build or buy. The exact timeline depends on how quickly you provide required documents.
We finance homes you're building, buying, or improving. We also cover commercial properties, plots with construction plans, and boarding houses. Each property type has its own eligibility requirements.
Yes. Our Amna facilities follow Shariah principles and are structured to align with Islamic banking standards. They're available for housing finance with the same straightforward process as our conventional options.
Our calculators are free and open to everyone. Use them to estimate EMI, check affordability, plan your budget, or compare loan options. They give you a clear picture before you apply.