MORTGAGE HELP DESK UK

Mortgage Help For Those Seeking An Islamic Mortgage Quote To Best Suit Their Circumstances

We Could Help find you an Islamic Mortgage, At a Very Competitive Interest Rate

The Main priority is to provide you with a first class service for all your Islamic Mortgage needs, Depending on your circumstance we can help you find an Islamic Mortgage at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and an advisers will contact you shortly.

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Will the Bank require Life Assurance, if so will it be Sharia complient?

Life assurance is currently not Muslim compliant, so what will happens if I die or become seriously ill, is a concern with a lot of our customers. In all circumstances, the Banks will make sure this is handled sensitively and respectfully. It may be possible to transfer payment obligations to other individuals as long as they are able to demonstrate their ability to meet the payment obligations. At present, most Banks do not offer life cover as they are not satisfied that any Muslim compliant alternatives to life assurance exist. Under Muslim law, Muslims cannot seek state help if they are unable to pay their mortgage due to accident, sickness or unemployment because benefits are based on mortgage interest payments. The purchase of some MPPI products is also not permitted under Muslim law. Innovation in the development of Muslim mortgage products means that thought will eventually go into these key areas. It therefore important that you ask the lender, how mortgage protection will be worked out especially for your mortgage and what that covers. If your circumstances changed in way that may affect your ability to make payments then you should contact your bank and advise them of your current situation. Your bank will then take any appropriate action to help you. There is no certainty over whether the state will pay the rent aspect of the agreement if one becomes unemployed. A survey of British Muslims found that half would buy Takaful products as long as cover and price were compatible with existing products.Takaful is based on the Qur’anic principle of mutual assistance and is similar to mutual insurance in that members are the insurers as well as the insured. Conventional insurance is prohibited under Muslim because Muslim scholars judge it to involve speculation and interest payments, both forbidden.Takaful products could also appeal to a non-Muslim market who see the concept as more ethical than conventional insurance, particularly from a new insurer operating on an ethical basis.

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Sharia Mortgages Frequently Asked Questions

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Mortgage Help Desk UK - Mortgage Products

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