Growing a home deposit
You need a plan.
It will not happen by itself, and it will not happen all at once. It happens one month at a time. You have to start somewhere, so start with Amana.
Your plan
One square is one month
Each square is one month.
From £50, with no schedule to keep to. Straight arithmetic, with no investment return assumed. Amana can grow your money and can also lose it, so treat this as a plan for what you put in, not a promise of what you will have.
Amana by Bayuti is an indirect investment that pays dividends, not the direct purchase of a property. You own a share of the investment, not a share of a house.
Every month
Each square you fill does more than sit there
A plan is not just a number and a date. It is what happens to the money in between. With Amana, every month you add follows the same four steps.
You add this month
Top up your wallet in the app and invest it. One more square filled.
It goes into property
Invested in Shariah compliant UK property. No interest anywhere in it.
You are paid dividends
Paid monthly from what the property earns. Not guaranteed, and they can stop.
You add them back
Reinvest the dividends and next month's payment is worked out on a larger holding.
The value of your investment can fall as well as rise, so some months it will be worth less than you put in. That is the trade for it doing anything at all.
Start somewhere
A thousand miles and a hundred metres start the same way
Whatever your goal, and however far away it looks tonight, it starts the same way. One step, taken today. Do that and you are already closer than you were this morning, and tomorrow you get to do it again.
Build your plan. Take the first step.
Questions
Before you start
What if I cannot keep up with the plan every month?
Nothing breaks. There is no schedule you are committed to and no penalty for pausing or stopping. Add what you can, when you can.
Does the plan include investment growth?
No. The months and the date above are straight arithmetic on what you put in. Amana can grow your money and can also lose it, so we have not built any return into the plan.
What kind of product is this?
It is an investment, and nothing like a deposit account. There is no interest, no guaranteed return and no FSCS protection. The value can fall as well as rise and you could get back less than you put in.
When am I paid?
Dividends are paid monthly from what the underlying property earns. You can take them out or reinvest them. They are not guaranteed and can stop.
How do I take my money out?
We recommend three working days' notice for amounts under £50,000, and 30 calendar days' notice for £50,000 or above.
Is it Shariah compliant?
[confirm oversight wording, certifying body and certificate link]