Archive for the ‘Islamic Finance News’ Category

Islamic Home finance: UK extends mortgage aid scheme

 Britain’s government sought to bolster London’s position as a centre for Islamic finance on Tuesday by extending its ‘Help to Buy’ mortgage scheme to loans that comply with Islamic law. Help to Buy was launched last year and offers banks insurance against the risk of lending to […]

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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 […]

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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: […]

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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 […]

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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 […]

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Islamic Finance and Islamic Mortgage News

Islamic Finance and Islamic Mortgage News The government has announced plans for Britain to issue a £200m Islamic Bond in a bid to attract new money to London. The bond will be aimed at institutions, but there are Islamic finance products available to regular savers, investors and […]

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The Government is being urged to make it simpler and cheaper to provide Islamic mortgages.

The Council of Mortgage Lenders is urging the Government to make it simpler and cheaper to provide Shari’ah-compliant mortgages “Islamic Mortgages”. Although compliant mortgages already exist, various legal hurdles make them relatively expensive. But with three million UK Muslims, there is a significant potential market for Islamic […]

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Absa Islamic Banking plans to offer Islamic mortgages

Absa Islamic Banking, a unit of South Africa’s third-largest bank, plans to offer Islamic mortgages after the government introduces new tax rules next year. The Treasury department said in August it will forgo charging tax on three Islamic structures to allow home loans. The government may sell […]

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The UK will become the first non-Muslim country to issue an Islamic bond.

Prime Minister David Cameron has announced that the UK will become the first non-Muslim country to issue an Islamic bond. At the World Islamic Economic Forum (WIEF) in London, he also announced plans for a new Islamic index on the London Stock Exchange. It is intended to […]

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America and how it can benefit from Islamic Banking

 America’s banks are recovering nicely. Most made respectable gains and have improved investor and public confidence in America. However, many people who advocate for changes in the banking system feel that just recovering from the financial crisis is simply not enough, and that serious changes must be […]

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