Singing Pig

Does anyone know of any commercial lenders offering sharia compliant lending apart from; HSBC, United Bank of Kuwait and the Islamic Development Bank?

Hello Rigsby

We work with a number of commercial lenders who are sharia compliant.
Please feel free to call me to discuss further.

Regards

Michael

01371 856 850  

Hi

Stupid question, but what is sharia? trying to learn more about commercial properties and understand them better, so far have not come across that term.

Thanks

Riccardo

Riccardo - sent you a pm recently about a hmo situation mentioned in another thread..but got no reply..maybe you could take a look please?..ta..sorry..back on thread..GB

One wonders why we bother with religon in lending. In short we go round the houses with a loan to avoid the word interest just to keep a few people happy. It should be a case of when in rome do as romans do. I have quite a few Muslim clients who just use UK lenders without bothering whether it conforms to Sharia or not

A lot of people have been using the ordinary mortgage,s, because there was no other option. Now that there are sharia compliant lenders but most of them will only lend on residential props and there is a gap in the market fo BTL.

I am sure people who understand vegitarian/non vegi,  ethical investment/non ethical investment, kosher/non kosher, halal/non halal, will also understand the need for sharia compliant lending.

"A lot of people have been using the ordinary mortgage,s, because there was no other option. Now that there are sharia compliant lenders but most of them will only lend on residential props and there is a gap in the market fo BTL"

I think you will find that Sharia mortgages have been in the Uk for some time albeit from the middle eastern banks and with somewhat worse terms than a UK bank (But then thats the price you pay for beliefs) It is interesting that you notice the void for BTL but isnt that just charging someone else interest on your investment under the name of rent? As I said we are redesinging the mortgage to play with words.

Obviously anyone with biological knowledge knows that man is an omnivore and statistics show that if he only eats part of the diet ie vegi he actually can expect a shorter life span.

Ethical investment was invented to rip off the lefty do gooders who thought their money would make a difference

Kosher / Non Kosher, Halal / non Halal its all dead meat to me

So no I dont really see the need for Sharia compliant lending other than an opportunity for the banks to make a few more bucks out of gullible people and for once I agree with old tony, If people dont like the way  we do things here they should be free to go elsewhere Do we go to the islamic countries and ask them not to impose Sharia law on us brits who want to buy houses in those countries?

I have nothing against anyone of a religious nature but Religion and business seem to be a very poor mix 

Thank god I have the intelligence to be an Atheist