Islamic Investment Banking Unit, we help you discover interesting business websites in the UK

UK Business Directory - Banks

Name of website: Islamic Investment Banking Unit
Country: UK

We introduced Manzil in 1997 to help our clients purchase residential property in accordance with their religious beliefs. This innovative product set new standards for Islamic banking in the United Kingdom, being the first time a U.K. based and regulated bank had issued a product specifically to help Muslims purchase a property within the U.K. 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 two accepted methods of Islamic finance - Murabaha and Ijara - both widely used in the Muslim world and approved by our Sharia'a Board.