Islamic Home Finance

Easy, secure and Shariah compliant

Our Islamic home finance facilities (Islamic Personal Home Purchase Plan and Islamic Buy to Let Purchase Plan), are built upon morally-binding promises between the customer (you) and the investor (United Bank UK) under the principle of Diminishing Musharaka. We establish a partnership of mutual consent for the joint ownership of a property and rent our share out to you. You eventually become sole owner once all of the acquisition payments have been made.

To find out more, contact us on 0121 753 6000 to book a no obligation appointment with one of our Community relationship Managers, or visit your nearest branch.

Your monthly payment is made up of two elements, an acquisition payment which increases your share of the property, and a rental payment for use of the portion that the Bank still owns. When all acquisition payments have been made and the finance agreement has been settled, ownership of the property transfers to you.

*Islamic Home Purchase Plan customers in Scotland pay an 'occupancy payment' under a 'co-beneficiaries' agreement.

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

Please click on the relevant links below to view our two primary Islamic home finance products: