Islamic Mortgages

Easy, secure and Shariah compliant

Our Mortgage products (Personal Home Purchase and Buy to Let), are built upon morally-binding promises between customer and investor 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 full payment is made.

To find out more, contact us on 0800 218 22 66 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 has been settled, ownership of the property transfers to you.

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

Your home may be repossessed if you do not keep up repayments on your mortgage.

Our two primary Islamic Mortgage products are: