From today, alburaq, the leading provider of Islamic home finance in the UK, is launching two new promotions on their range of home finance products.

Pay-one-get-one-free on Buy to let valuation fees

• £100 cash-back on all mortgage applications submitted before the 30 September 2007
• Pay-one-get-one-free on Buy to let valuation fees

The new Pay-one-get-one-free scheme is aimed at aspiring investors owning more than one Buy to Let property. For those about to invest in a property with alburaq, or those who have just recently done so, they will qualify for our special valuation refund. To take advantage of the offer all customers need to do is complete on a second Buy to Let purchase in the next six months. alburaq will then refund the cheaper of the two valuations that have been carried out. This could save customers up to £1,590 and applies to both standard and homebuyer’s valuation.

‘This is good news for customers who are looking to build a portfolio whilst maintaining the strictest level of Shariah compliance. The promotions demonstrate our continued commitment to bringing our Islamic financial products in line with the rest of the market,’ said Keith Leach, Head of alburaq at ABC International Bank plc.

£100 cash-back on all mortgage applications submitted before the 30th September

The £100 cash-back is available to any alburaq customers taking out home finance. To qualify, customers need to complete an application form and submit it along with their home finance application before the 30 September 2007. The finance must complete within six months and alburaq will send out the cheque.

alburaq’s Shariah compliant home-finance and buy-to-let finance schemes have generated considerable attention from the Muslim community since launch and the fast growing Islamic mortgage market is predicted to grow to over £1 billion by 2009. With traditional interest-based mortgages out of the question for many, the only choice for home ownership has been either going against the faith, or avoiding a mortgage altogether.

The alburaq range of home finance products is available either directly or through selected IFAs. alburaq home finance products are also accessible through the Islamic Bank of Britain and Lloyds/TSB.

Customers can obtain further information by contacting the alburaq helpline on 0800 587 88 66 (free phone) or by clicking www.alburaq.co.uk