Our Personal Home Purchase Plan offers you an attractive monthly repayment scheme, blending convenience and Shari'ah compliance to meet all your financial and religious needs.

As part of our partnership of mutual consent, we offer you attractive rates, quick processing and competitive fees. What’s more, rent is only charged on our share of the property and there are no early payment charges, helping you to keep your home purchase costs in check.

Once you have made all acquisition payments and the facility has been settled, we transfer ownership of the property to you.

Good For

  • Buying a home which you intend to occupy yourself
  • Buying a home in accordance with Shari'ah principles

Not Good If

  • You wish to rent the property to a third party

Our Ameen Islamic Home Purchase Plan offers a Shari'ah compliant Mortgage Alternative based on the Islamic financial principles of Diminishing Musharaka, meaning no interest is charges or earned. You'll benefit from a simple, quick and easy application process with support throughout provided by a CeMAP qualified Community Relationship Manager.

  • Fully Shari'ah compliant*
  • Competitive rates and low fees
  • Quick and simple application process
  • Support from a single, named point of contact
  • No early repayment charges

 

*The Shari'ah compliance of this product has been authorised by Mufti Barkatulla Abdul Kadir, former Senior Imam of North Finchley Mosque. Mufti Barkatulla is a Shari'ah Judge on the Islamic Shari'ah Council.

 

YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP WITH EITHER THE RENTAL OR ACQUISITION PAYMENTS.

More Information

  • What are the rental rates

    The rental rates will depend on the Fund To Value (FTV) amount. 

      FTV Rental Rate Minimum Finance Amount Administration Fee Early Repayment Charges Enquire Now
    Islamic Home Purchase Plan (Self Occupancy) - Variable 80% 3.75% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get in touch
    Islamic Home Purchase Plan (Self Occupancy) - Variable 70% 3.60% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get in touch
    Islamic Home Purchase Plan (Self Occupancy) - Variable 60% 3.50% Variable £100,000 minimum finance amount 0.50% of the finance amount No ERC Get in touch
  • Do you offer Help to Buy Islamic Home Purchase Plans?

    No. UBL UK is not a member of the Help To Buy scheme, and we cannot offer Islamic Home Purchase Plans for Shared Ownership, or Help to Buy Schemes.

  • What is the minimum finance amount?

    The minimum finance amount is £100,000

  • How can I submit an application or make an introduction for an Islamic Home Purchase Plan?

    UBL UK will need to assess your suitability to introduce or package Islamic Home Purchase Plan Facilities. 

    To request a call back, please contact our Intermediary on 0121 753 6000 Monday to Friday from 9:15am to 5:15pm. 

    Alternatively, please complete the Enquiry Form and a member of the team will be in touch.

How To Register

Visit a Branch

Visit a Branch

To enquire about registering to become and introducer or packager of UBL UK Islamic Home Finance Facilities, please use the Branch Finder to locate your nearest UBL UK branch.

Online

Online

Please complete our online Enquiry Form and a member of the Intermediaries Team will be in touch.

Notification of early closure and festive opening hours

The Branch Network and Customer Service Centre will be closing earlier than usual on Friday 20th December 2019, from 12pm. If you have any queries relating to this early closure, please feel free to come in and talk to a member of our UBL UK team who will be more than happy to help you.

For details about our festive opening hours, please visit: https://www.ubluk.com/service-announcements/.

UBL UK