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Sharia-compliant financial solutions for TRI-ZEN customers John Keells Properties (JKP) has partnered with HNB Islamic Banking to offer a Sharia-compliant financial solutions for customers looking to invest in their upcoming TRI-ZEN residential development in Colombo. The collaboration will offer attractive rates which are competitive in the current mortgage market through the Islamic Banking Finance system, which utilizes an asset-backed equity-based alternate financing method. The principle used is “Diminishing Musharakah”, a rental based investment where the customer and bank jointly invest in a tangible asset. A key feature is that it does not involve ‘interest’ and is, therefore, an attractive option for people from faiths that prohibit interest or for those seeking alternate financing options. “As the country’s leading property developer, John Keells Properties has always been at the forefront of innovation and introduced attractive financial solutions for our customers. This is our first collaboration to offer Sharia-compliant financial solutions and ...