From your first enquiry to your moving date, our home purchase plans provide an Islamic mortgage alternative, yet work in a similar way to a conventional mortgage to enable you to buy your home.

Why finance your home with us?

We provide a range of property finance solutions for UK residents, UK Expats and International residents looking to purchase or refinance residential property across England and Wales.

A home purchase plan offers you a Shariah-compliant alternative to a mainstream mortgage, with competitive rates and an ethical approach. Commonly known as an 'Islamic Mortgage', you can use it just like a conventional mortgage to buy or refinance your home.

With a home purchase plan you buy the property jointly with us – your deposit is your stake, and we fund the rest. Once all your payments are made, you acquire the property and the deed of the property transfers to you. You are free to sell the property any time, and there are no early payment charges. Any profit made on the sale is retained by you.

Our Home Purchase Plans

  • Available for customers who are employed, self-employed, contractors or temporary workers (terms apply)
  • Finance available up to:
    • 90% of the property value for UK resident first-time buyers and those seeking home purchase or refinance
    • 80% of the property value for UK Expats and International residents and those seeking home purchase or refinance
  • Finance provided for:
    • Houses and flats (including new build) up to 90% of the property value
  • Green Finance Products are available to both new and existing UK resident customers which carry a discounted rate of 0.1% off the standard product rate (terms apply, see eligibility below)
  • We provide ‘Acquisition and Rent’ finance which is the Shariah-compliant alternative to a conventional repayment (capital & interest) mortgage
  • Gifted deposits are allowed from immediate family members including parents (including parents in law), spouse, children (who have their own independent source of income), grandparent, brother, sister, uncle/aunt, foster/adoptive parents or legal guardian and includes step-relatives
  • Up to 4.5 times income will be considered, subject to affordability
  • Finance available up to 90% of the property value up to £500,000, up to 80% between £500K-£2m, up to 75% between £2-3m, and up to 70% of the property value between £3-5m, over a maximum 35-year term
  • No early payment charges on any product

Am I eligible?

You can apply for home finance if you meet these criteria:

  • Buying or refinancing property in England or Wales
  • Seeking finance of at least £75,000 and up to £5m
  • Minimum age 18 years (UK residents) / Minimum age 21 years (UK Expats / International residents). Maximum age at end of finance term 75 years or retirement age if earlier
  • Earning at least £15,000 (UK residents) or £20,000 (for products above 80% of the property value) / £25,000 (UK Expats / International residents)
  • A first-time buyer is defined as someone that has never owned or been party to finance on a property in the UK or elsewhere
  • Green Finance Products are available to UK residents only for finance products under £500k where properties have an EPC rating of A or B. More information can be found here
  • All applicants must be able to read, speak and understand English to a level that they are fully aware of all obligations and requirements when entering any financing arrangement with the Bank
  • We will consider finance applications from applicants residing in over 150 different countries. For more details see our Home Finance Applications – Countries Checklist

Here to help

To help answer all your questions, we have a comprehensive FAQ section. We also have some handy calculators you might find useful, along with details of all our products. Links to these pages can also be found below.

***New Customer Enquiries***

Unfortunately, due to an unprecedented level of demand for our home finance products and to help manage our service levels for existing customers, we are currently unable to accept new home finance enquiries, provide Decision in Principles or accept new applications. We sincerely apologise for any inconvenience this may cause you. We are working hard to be able to reintroduce our product range and we will update our website as soon as we are in a position to do so.

***Existing applications already submitted***

If you have already submitted an application for Home Finance and require an update on the progress of your case please call 08000 353 050 (Mon-Fri 9am-5pm). Please note that staff on this number are not able to discuss new business enquiries.

Home purchase plans - the Islamic mortgage alternative

All products

Our Calculators are here to help

How much finance can I have?

How much finance can I have?

Find out how much home finance you could have.

Go to calculator
How much will it cost me?

How much will it cost me?

Find out how much your monthly payments could be.

Go to calculator

What our customers are saying about us

A balanced approach to banking

From financing your home to looking after your savings, we're proud to take a balanced, Shariah-compliant approach. But what does that mean?