http://www.islamicmortgage.org Just another WordPress weblog Thu, 16 Aug 2007 08:03:20 +0000 http://backend.userland.com/rss092 en It is against Islamic law to pay or receive interest, this has been a huge problem for Muslims living in Britain. When it came to home buying it was only the very rich, who could afford to buy a home outright. Fortunately however many banks and building societies are starting ... http://www.islamicmortgage.org/2007/03/23/islamic-mortgages-what-is-islamic-mortgage/ Islamic Mortgage UNB IslamicMortgage is a diminishing ownership product that is based on Ijara principles. The amount paid by the customer results in the customer’s beneficial interest the property increasing. United National Bank is a UK registered bank that is authorised and regulated by the Financial Services Authority ... http://www.islamicmortgage.org/2007/03/23/islamic-mortgages-united-national-bank/ Manzil Home Purchase Plans Manzil differs from a conventional 'interest' mortgage because we are able to provide financial help without our clients having to pay us interest. We can do this by employing the Ijarah method of Islamic Finance. http://www.islamicmortgage.org/2007/03/23/islamic-mortgages-manzil-home-purchase-plans/ Alburaq Home Finance ABC International Bank (ABC) and Bristol & West plc offer you Alburaq – Islamic Home Finance. Then ABC International Bank and Bristol & West will provide all the technical expertise and support, plus the home finance itself. Alburaq Home Finance is based on the principles of ... http://www.islamicmortgage.org/2007/03/23/islamic-mortgages-alburaq-home-finance/ Amanah Home Finance Amanah Home Finance is based on the Diminishing Musharakah mode of financing and helps you buy your residential property without compromising your beliefs. If you already have a traditional interest based mortgage, the product allows you to refinance your property. How it works The Bank's ... http://www.islamicmortgage.org/2007/03/23/islamic-home-finance-hsbc-amanah/ Islamic Home Finance - An Overview  Buying a home is most people's biggest financial commitment. It can be time-consuming, expensive and frustrating. To make matters worse, horror stories abound of gazumping, duff surveys and rogue estate agents. You can make the process smoother by equiping yourself with the right information. ... http://www.islamicmortgage.org/2007/03/23/islamic-home-finance-an-overview/ Shariah     Shariah is the term used to describe Islamic law. Riba ( interest ) - the abolition of interest, is a religious goal and value that the Islamic economic system is based on. Historically, the issue of Riba combined with limited availability of Halal mortgage options has prevented numerous ... http://www.islamicmortgage.org/2007/03/23/islamic-mortgages-what-is-shariah/