Both parties contribute to the house price and become real co-owners according to their contributions. This is joint ownership (شركة الملك), not merely a financing label.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.
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Diminishing Partnership (المشاركة المتناقصة) for Home Financing
Both parties contribute to the house price and become real co-owners according to their contributions. This is joint ownership (شركة الملك), not merely a financing label.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.