UK ISLAMIC LENDER HALAL MORTGAGE ISLAMIC BANK UNITED KINGDOM ISLAMIC HOUSING FINANCE BRITISH MUSLIM LOAN

UK ISLAMIC LOAN ISLAMIC BANK MORTGAGE

UK ISLAMIC LENDER HALAL MORTGAGE ISLAMIC BRITISH BANK UNITED KINGDOM ISLAMIC HOUSING FINANCE BRITISH MUSLIM LOAN

In UK, an islamic loan is defined thorugh a grant facility offered through british islamic banks and Islamic loan brokers in favor of Muslim british borrowers who wish the apply the Islamic sharia when it comes to borrow money.

In UK, an islamic loan has the objective to cover the needs of a british Muslim community who wants to avoid paying a Riba (interests) when it comes to finance any of their needs as this will follow Islamic principles of borrowing cash.

In the United-Kingdom, an islamic loan is based on the principles of sharia, Islamic finance forbids, for example, interest rates, speculation and investments in sectors such as alcohol.



IS UK OFFERING ISLAMIC LENDING PRODUCTS TO THE MUSLIM COMMUNITY ?

IS UK OFFERING ISLAMIC LENDING PRODUCTS?

In the United Kingdom, halal loans are currently existing and provided by a high number or Islamic lenders such as british Islamic banks and financial cooperatives who can grant a large range of Islamic finance products.

In UK, islamic lending is now authorized through the british financial regulator (PRA/FCA) aiming to make sure that all islamic financing transactiosn and facilities are fitting with the interest of the british Muslim consumers.



ARE BRITISH ISLAMIC BANKS ALREADY ACTIVE IN THE UNITED-KINDOM ?

ARE ISLAMIC BANKS ALREADY ACTIVE IN THE UNITED-KINDOM ?

In UK, an Islamic banks consists on a islamic financial institution who covers the full range of halal financial products which include shariah compliant loans and credit facilities but also Islamic saving

Over 25 Islamic banks in the United Kingdom offer halal finance services with total assets of 4.5 billion (2016) and in Britain, Islamic finance has emerged as the largest financial center based on Islamic sharia in Europe.

In UK, islamic lending is now authorized through the british financial regulator (PRA/FCA) aiming to make sure that all islamic financing transactiosn and facilities are fitting with the interest of the british Muslim consumers.

The City of London is consolidating its position as Western leader in Islamic finance, a market of no less than $ 2 trillion in the world with twice as much as in The United States has ten Islamic banks and more than in Switzerland, Australia and France.

The reasons for the success of Islamic finance in this country are mainly due to the presence of a large Muslim community, but mainly due to the size of Arab investments in capital, London. Many London real estate projects could only see the light of day thanks to Islamic finance, including London's tallest building, the Shard.

In UK, Islamic financing is an integral part of English financial life. The number of customers using halal banking products is estimated at a quarter of a million. A large proportion of clients using Halal finance in the UK is non-Muslim.



IS UK HAVING ITS OWN ISLAMIC MORTGAGE LENDERS ?

IS UK HAVING ITS OWN ISLAMIC MORTGAGE LENDERS ?

In UK, an Islamic mortgage has the objective to deliver a full halal financial package to a Muslim who is actually tenant renting a home in order to allow him to become a home owner through an Islamic housing loan.

In UK, an Islamic mortgage can be obtained through a quite sufficient number of british halal mortgage lenders who have designed specific halal home loans to Muslim consumers who are about to acquire their own house or flat.

Islamic mortgages are available from a number of banks in the UK and few banks offer an Islamic mortgage service, in addition to small specialist banks; this limited number of Islamic mortgage lender is due to the restrictions made by the FCA (regulator)as well as the few staff with appropriate qualifications on Islamic mortgage.

In terms of competition, Islamic mortgages pricing is often higher due a reduced competition and availability but also given the use of negative rates with conventional financing.

UNITED KINGDOM U.K ONLINE SHARIA BANK

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