Key Features
Over the years, owning a property in the UK has proved to be one of the very best longer-term investments. At alburaq we are able to provide Islamic finance to Non UK Residents who wish to purchase a residential house or flat in the UK for either their own use or for letting as an investment.
alburaq Shariah Compliant Property Finance follows the Islamic principles of Diminishing Musharaka and Ijara and has the following special features:
- Structured so the property has shared ownership
- Bank's share sold by instalments
- You pay rent for use of the Bank's share
- Rent paid diminishes as your share increases
- Property can be sold at anytime
- Partial payments possible
