Shariah Compliant Mortgages/Islamic Finance
Shariah law (sometimes referred to as Islamic law) prohibits transactions which involve interest. It is considered unacceptable for money to increase in amount simply by it being lent to another individual. This rule prevents those abiding by Shariah law from using conventional financial products, which allow for payment and receipt of interest.
Shariah compliant finance is therefore important for those individuals that wish to adhere to Shariah law.
Shariah compliant products are available to both Muslims and non-Muslims. Such financial products are based on contracts between the parties. We can provide legal assistance to put in place a Shariah compliant mortgage however we are unable to provide financial advice.