Dolmen Group, Pakistan’s premier real estate developer, has signed a Memorandum of Understanding (MoU) with Meezan Bank, Pakistan’s leading Islamic bank, to offer an exclusive Shariah-compliant home financing facility for customers at The Grove Residency; Dolmen’s latest premium residential development project in Karachi.
This strategic alliance brings together Dolmen’s legacy of quality urban development with Meezan Bank’s trusted Islamic financing expertise, creating a seamless path to homeownership for Pakistan’s corporate and business professionals.
Through this partnership, buyers will be able to finance their homes with Meezan Bank’s flagship Islamic Home Financing solution on preferential terms with repayment tenures of up to 20 years. To further facilitate affordability, repayments will begin after project handover, providing customers ample time to plan their finances. Eligible buyers may also benefit from tax incentives of up to 30% on home financing rentals, making the dream of owning a premium home more attainable.
Mr. Faisal Nadeem, Director, Dolmen Group while commenting on the development said, “At Dolmen, we are redefining the future of residential living in Pakistan. Grove Residency is not just a home—it is a holistic community lifestyle. Our collaboration with Meezan Bank is aligned with our mission to make premium living accessible through ethical, transparent, and flexible financial solutions.”
Grove Residency is meticulously designed for modern, healthy living—crafted to cultivate a vibrant, connected community. Featuring state-of-the-art amenities such as a large elevated garden, natural landscaping, lounge cafe, male and female prayer areas, a laundromat, kids’ play zones, and a multipurpose community hall. Grove Residency promises residents a serene yet socially enriching community lifestyle.
Syed Amir Ali, Deputy Chief Executive Officer – Meezan Bank, shared his thoughts: Meezan Bank is committed to strengthening Pakistan’s housing sector through Riba-free, Shariah- compliant financial solutions. Our partnership with Dolmen Group reflects this commitment by supporting both affordable housing and quality urban development. We believe housing finance and financial sector growth share a symbiotic relationship, where progress in one strengthens the other and contributes to broader economic development.
About Dolmen Group
Founded in 1984, Dolmen Group is a pioneering leader in Pakistan’s real estate sector, renowned for its innovative developments and high-quality projects. Over nearly four decades, the group has built a reputation for excellence through its diverse portfolio, which includes Pakistan’s largest shopping malls, commercial offices, mixed-use developments, and community-centric spaces designed to promote connectivity and economic growth. As South Asia’s first REIT platform, Dolmen is committed to creating inclusive, premium environments that elevate urban living and commercial success.
The Group recently inaugurated its latest development, Dolmen Mall Lahore, which is a regional retail icon. Known for architectural innovation, technological advancement, and community engagement, Dolmen continues to set industry benchmarks, fostering sustainable and vibrant spaces that enhance lives across Pakistan.
For more information: https://www.dolmengroup.com/
About Meezan Bank
Meezan Bank is the leading Islamic bank of Pakistan and also one of the largest banks nationwide in terms of branch network as well as deposits. With a network of over 1,050 branches in more than 350 cities, it has the largest Islamic banking network in Pakistan.
Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions including its recognition as the ‘Best Bank – 2024’ by Pakistan Banking Awards – the most prestigious award in the country’s financial sector and by Islamic Finance News – Malaysia, Global Finance magazine – New York, Asset AAA – Hong Kong, Asiamoney – Hong Kong, The Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association – Pakistan.
The VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company) has retained the Bank’s entity rating to the highest possible level of ‘AAA/A1+’. This rating denotes the highest possible credit quality, with negligible risk factors, being only slightly more than for risk-free debt of the Government of Pakistan.
For more information: https://www.meezanbank.com/
