Blog · Glossary
Every term we use, defined.
Plain definitions for the terms you'll see across the platform. If we use something not listed here, tell us and we'll add it.
- Block
- The smallest unit of ownership ReptoState issues. One block represents a small share of the property. Typically priced at Rs. 5,000.
- SPV (Special Purpose Vehicle)
- A Private Limited company registered with SECP whose only asset is one specific property. Each property has its own SPV — bankruptcy of one cannot affect another.
- Block offering
- The primary sale of blocks for a property. Blocks are listed on the platform with a defined supply (e.g. 10,000 blocks at Rs. 5,000), open and close dates, and an expected yield range.
- Yield (gross / net)
- Annual rental income as a percentage of the property value. Gross yield is rent before any costs; net yield is what's left for investors after platform fees, reserves and taxes.
- Lock-in period
- The minimum time you must hold blocks before listing them on the secondary marketplace. ReptoState's planned lock-in is 12 months after primary purchase.
- Price band
- The allowed deviation (±15%) between a secondary-market listing price and the latest independent valuation. Stops manipulation.
- KYC (Know Your Customer)
- The identity-verification process every investor completes before they can transact: CNIC or passport, selfie, proof of address.
- AML (Anti-Money Laundering)
- Screening and monitoring designed to ensure investor funds are from legitimate sources. Includes sanctions screening, PEP checks and suspicious-activity reporting.
- Wallet
- Your in-platform balance in Pakistani Rupees. Rent share lands here, and you can withdraw it to any verified bank account.
- Withdrawal
- Moving funds from your in-platform wallet to your bank account. Requires verified payout destination + 2-person admin approval above thresholds.
- Roshan Digital Account (RDA)
- A digital bank account product offered by Pakistani banks to overseas Pakistanis, designed for remitting and investing in Pakistan. ReptoState plans RDA integration in Phase 2.
- Riba
- Interest in Islamic finance. ReptoState's Sharia track is intended to be scholar-certified riba-free. Non-Sharia investors are unaffected.
- Diminishing Musharakah
- A Sharia-reviewed home-finance structure where the bank and the customer co-own the property. The customer pays rent on the bank's share and buys back a slice of its equity each month, until they own 100%.
- KIBOR
- Karachi Inter-Bank Offered Rate. The benchmark most Pakistani conventional mortgage rates float against (KIBOR + a spread).
- CIB
- Credit Information Bureau. Pakistan's central credit-history record. Banks check your CIB before approving any large loan, including mortgages.