Archive for the ‘islamic mortgage’ Category

UK Islamic Mortgages : Are the modes available “truly Islamic” and permissible?

Introduction   A critical study analysing the Islamic mortgages options available in the UK to determine   whether they are “truly Islamic” and permissible alternatives by assessing the avoidance of   Islamic prohibitions and the fulfilment of Islamic ideals.     One of the biggest financial investments […]

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Are the current Islamic mortgage options available in the UK truly “Islamic” and acceptable alternatives for Muslims?

 Research Proposal   Are the current Islamic mortgage options available in the UK truly “Islamic” and acceptable alternatives for Muslims?   Research Introduction   Meaning of the title              Introduction to the Subject   A critical study analysing the Islamic mortgage options available in the […]

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The Law Society: Islamic Mortgage Finance

  ISLAMIC MORTGAGE FINANCE   Summary The purpose of this paper is to report on the second meeting of the Islamic Mortgages Working Party held on 6 December 2004.   Recommendation To note this paper and to indicate any further action the Board thinks should be taken. […]

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A simple introduction to Islamic mortgages

A simple introduction to Islamic mortgages 25 March 2011 Most non-Muslims know very little about Islamic finance. There  have been several press stories recently implying that the UK Government is  giving some kind of unfair benefit to Muslims by changing UK tax law to  facilitate Islamic finance. […]

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What is a Home Purchase Plan?

A home purchase plan is a type of mortgage agreement which does not charge you interest on the amount you borrow. Since both making and receiving interest payments is forbidden under Sharia law, home purchase plans are of particular interest to Muslims who are looking to buy […]

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Home Purchase Plans (Islamic Mortgages)

How home purchase plans work With a home purchase plan the bank, building society or other provider offering the plan will buy the property and become the legal owner, but with the agreement that at the end of a fixed period you will buy the property from […]

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Home purchase plans

Home purchase plans Published: 01/04/2013 Home purchase plans are also known as ‘Islamic mortgages’. They serve the same purpose as a conventional mortgage – they provide consumers with a means of buying a home – but they are structured in a way that makes them acceptable under […]

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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 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 […]

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