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The Property

The good news is there are relatively few property qualifications

• The property should be ready to let in its current state or require minimal improvements, such as redecorating at time of valuation
• Multiple properties/ portfolios are allowable - please refer to our Shariah Helpdesk for specific criteria
• The property must have a value of £40,000 or more
• The rent you charge your tenant must be greater than the rent due to alburaq
• A basic valuation is required. In addition, the Valuer will evaluate the ease of letting the property and provide an estimate of the likely income from renting the property unfurnished
• The maximum finance allowed for individual properties is £400,000, being up to 85% of the property value
• The maximum finance allowed for individual properties is £500,000, being up to 75% of the property value
• Maximum finance of up to £500,000 available per property
• We accept ex-local authority houses and ex-local authority flats, but not ex-office conversions or converted ex-local authority office blocks

ABC International Bank plc is authorised and regulated by the Financial Services Authority
FSA Registration Number 149025 |Commercial Registration No.2564490 | VAT Registration No. 577 7416 94
Registered address 1-5 Moorgate, London EC2R 6AB | A member of the Arab Banking Corporation Group headquartered in Bahrain
alburaq is the brand name under which Islamic products are provided and marketed