Dolmen Group, one of Pakistan’s most renowned real estate developers, has joined hands with Meezan Bank, the country’s leading Islamic financial institution, to introduce an exclusive Shariah-compliant home financing solution for buyers of The Grove Residency—Dolmen’s latest upscale residential project in Karachi.
The partnership, formalized through a Memorandum of Understanding (MoU), aims to facilitate accessible and ethical homeownership for Pakistan’s professionals and corporate class by combining Dolmen’s expertise in urban real estate with Meezan Bank’s robust portfolio of Islamic financing products.
Under this collaboration, prospective homeowners at Grove Residency will be able to avail Meezan Bank’s Islamic Home Financing on preferential terms. The offering includes flexible repayment plans extending up to 20 years and the added advantage of deferred installment commencement until project handover. This structure allows customers to better manage their finances without the immediate burden of monthly installments.
Furthermore, eligible buyers may benefit from up to 30% in tax incentives on their home financing rentals, enhancing affordability and making it easier to invest in premium housing without compromising on Shariah principles.
Commenting on the development, Mr. Faisal Nadeem, Director at Dolmen Group, said, “At Dolmen, our vision goes beyond real estate development—we aim to redefine how people live. Grove Residency is not just a housing complex; it is an integrated lifestyle community designed to meet the aspirations of modern residents. Our partnership with Meezan Bank reflects a shared commitment to delivering secure, ethical, and future-forward housing solutions.”
Grove Residency is carefully crafted to support healthy and vibrant urban living. Designed with contemporary aesthetics and functionality, the project includes an elevated garden, natural landscaping, a lounge café, male and female prayer areas, a laundromat, children’s play zones, and a multipurpose community hall. These amenities are tailored to provide a tranquil yet socially enriching lifestyle.
Meezan Bank’s Deputy CEO, Syed Amir Ali, echoed this sentiment, stating, “Meezan Bank remains committed to building Pakistan’s housing finance ecosystem through Riba-free, transparent, and sustainable financial offerings. Our collaboration with Dolmen Group is a step toward not only supporting affordable and ethical housing but also nurturing the growth of Pakistan’s real estate and financial sectors. As we see it, a thriving housing market and a resilient financial system are deeply interconnected.”
With rising demand for quality housing and growing interest in Islamic finance, the introduction of such Shariah-compliant home financing options signals a positive shift in how Pakistan’s financial and real estate sectors are evolving together. The partnership reflects a growing alignment between consumer needs and institutional innovation, offering solutions that respect both economic and ethical considerations.
The initiative also reinforces the broader role of financial institutions in supporting long-term urban development, empowering individuals and families to invest in housing that aligns with their values and lifestyle aspirations.