Islamic Mortgages Blog

Help to Buy ‘Islamic’ mortgages

Help to Buy ‘Islamic’ mortgages Government’s Help to Buy scheme now available for Muslim borrowers who want a Shariah law compliant mortgage. HPPs split ownership of a property between the borrower and their bank, a financing arrangement that accords with Islamic law that prevents muslims from using […]

Share Button
Read more

Islamic Bank of Britain Welcomes Help to Buy: HPP guarantee scheme

Islamic Bank of Britain Welcomes Help to Buy: HPP guarantee scheme 11 February 2014 Press ReleasesHome Finance Islamic Bank of Britain plc (IBB, www.islamic-bank.com) the UK’s only wholly Sharia compliant retail bank, has been working with the UK Government on the development of a Help to Buy: […]

Share Button
Read more

UK: non-Muslims think Islamic finance applies to all faiths

UK: non-Muslims think Islamic finance applies to all faiths               by zawya.com   Source: zawya.com February 8, 2014 | Filed under: Featured,Finance,Lifestyle,News | Posted by: MV Media By: zawya.com Source: http://www.zawya.com/ Islamic Bank of Britain celebrates 10 year anniversary and reveals findings from UK’s first survey […]

Share Button
Read more

Islamic Mortgages are a good financing alternative

Islamic Mortgages are a good financing alternative There has been an increase in Islamic housing finance products across Islamic compliant banks, a move that has prompted conventional banks to offer such products. We are witnessing increased appreciation of Islamic banking, which is based on sharing of profits and […]

Share Button
Read more

Pakistan to Islamise banking system

Pakistan to Islamise banking system ISLAMABAD: In a major step towards the Islamisation of Pakistan’s banking sector, the government has appointed reputed Islamic scholar Maulana Justice (retd) Taqi Usmani as Chairman of the Sharia Board of the State Bank of Pakistan. In addition to this, Saeed Ahmad, […]

Share Button
Read more

Islamic Bank of Britain plans expansion after it gets fresh capital from new owner.

Islamic Bank of Britain plans expansion after it gets fresh capital from new owner.   Islamic Bank of Britain (IBB), the country’s only sharia-compliant retail lender, has received a 75.8 million pound ($124 million) injection from its new Qatari owner to support the bank’s expansion plans. The […]

Share Button
Read more

British Muslim Awards 2014 presented by Islamic Bank of Britain

British Muslim Awards 2014 presented by Islamic Bank of Britain   7th February 2013 – Islamic Bank of Britain plc ( IBB , www.islamic-bank.com) the UK’s only wholly Sharia compliant retail bank, presented the British Muslim Awards 2014 at a ceremony held at the Salford City Stadium, […]

Share Button
Read more

The Islamic Home Finance (Islamic Mortgage) Guide

1st Ethical Charitable trust guide to Islamic Finance http://www.1stethical.com/wp-content/uploads/2012/01/IF-Guide-V1-pdf.pdf   The 1st Ethical Charitable Trust Guide To: Isalmic Finance Islamic Finance Explained 3 Ever since the demise of the great Muslim empires, and the subsequent dominance of Western ideas and policies, Muslims have continually strived to resurrect […]

Share Button
Read more

The Types of Islamic Mortgages available in the UK

Islamic banks in the UK have the same purpose of making money by lending out capital as any other banks, but because Sharia law prohibits them from directly lending money at interest, special kinds of mortgages – Islamic mortgages – have appeared. These rely on basic techniques such […]

Share Button
Read more

Islamic Mortgages and How They Work….

Islam prohibits ribaa, the paying and receiving of interest. Because of this, Islamic banks and Islamic finance institutions have come up with Islamic home lending products that follow shariah rules. Up until the late 1990′s these products were offered only by a few Islamic banks in the […]

Share Button
Read more