Islamic fintechs are using the same underpinnings of lean business models and enabling technology, but with one greater value add - that is, Shariah compliance and the ethical nature of the Islamic fintech.
It’s been a turbulent time for most industries since COVID-19 shook our world in 2020, with shockwaves still emanating through our lives.
With a raft of factors affecting smooth running of developments at present, it would be prudent for brokers and advisers to encourage investors and developers to build in a higher contingency.
Ongoing property price inflation and growing rental demand mean that refurbishment projects continue to present a good opportunity for investors.
The UK is now the top Western Centre for Islamic finance, with the number of institutions offering these services estimated to be nearly double the number located in the US, and far ahead of other Western countries.
We have seen a notable number of investors purchasing a property owned by a relative. This often comes with the added benefit of being able to land that property at a price below what they may have paid if purchasing from a stranger if purchasing through the regular process.
Islamic Finance uses several structures in providing alternative financing products. For most conventional products, there is an Islamic finance alternative. Term financing is no exception.
Conventional financing products are largely interest-based lending and therefore are not compatible with Islamic finance.
To understand the ethical nature of Islamic finance, it's vital to understand Shariah - a system encompassing belief, practice and character.
CBILS was designed as a short-term solution to a short-term problem. Just over a year later, it has channelled over £23bn into the UK’s SMEs.