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A new website on Islamic finace for British Muslims

Britain's Muslims can now take advantage of Shariah compliant mortgages and financial products from the UK's leading lenders and financial institutions with the launch of a new website this week by IslamicMortgages.co.uk.

In the past, many of the UK's 2.5 million  Muslim's were unable to get onto the property ladder as the only available mortgages involved interest-based transactions which are forbidden by Islamic law - Shariah.  Money doesn't produce money, but money has to be produced by effort and work. This is why interest (Riba) is forbidden and accordingly mortgages are not allowed. 

Nusrat Janjua, Marketing Director, said: 'Although, the situation has changed over the last two years, with the emergence of HSBC Amanah, Alburaq, and the Islamic Bank of Britain; we still have a situation of a lack understanding of what is out there in the market place and how Shariah compliant these products are.'

Nusrat Janjua continued: 'to resolve this problem, we have launched a new website, making www.Islamicmortgage.co.uk the UK's leading online resource for Islamic mortgages (residential and commercial) and Islamic finance.  The website is endorsed by many of UK Islamic finance providers.'

 

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The entire product range offered on this website is Shariah compliant. However, from time to time we will promote relevant none Halal products where no Islamic / Halal alternatives exist. Your home is at risk if you do not keep up monthly payments due under an Islamic / Halal mortgage agreement (your lease and / or diminishing ownership agreement).