SAF Sterling Business Account

Home Finance

Sterling Alternative Home Finance provides home-finance schemes to various prospective home owners. The home finance schemes are:

Murabaha (Cost plus profit margin): Bank purchases the home at a cost plus profit determined at the initiation of the contract. Customer repays what is owed at a regular interval as agreed at contract initiation.

Diminishing Musharaka (Declining balance co-ownership programme): Bank and customer enter into a partnership in which both parties own the purchased property in proportion to their contribution. Customer purchases equity in the asset at regular intervals while paying rent for the portion belonging to the bank.

Ijarah (Lease to own): Bank purchases property according to customer specification and then leases it to customer for a certain period. Customer has the option to purchase the property at the end of lease period.


  • Available to SAF account holders. Click here to download form
  • Filled application form
  • Valid means of identification
  • Proof of stable cash flow
  • Title documents