DIMINISHING MUSHARAKAH

Diminishing Musharakah is a combination of 3 independent contracts where in two or more partners jointly own an asset. One of the partners leases his portion of the asset to the other(s) along with selling a part of his ownership to the other partner on a periodic basis in a manner that results in the complete transfer of the ownership of the asset from one partner to another by the end. If you are looking to procure an asset with a certain down payment and require long term financing, Rizq’s Diminishing Musharakah Finance is the best fit. Under this arrangement, Rizq initially pools funds with you to purchase the required equipment and therefore becomes a joint owner in the purchased equipment. Subsequently, it leases its share of the asset to you against periodic rental payments. Alongside, in each instalment, it also sells to you a part of its share thereby reducing its ownership after each instalment. At the end of the tenor i.e. after all of Rizq’s share have sold to you, you become the sole owner of the asset.