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Sharia law prohibits the concept of interest, stating that all money must be earned through work, and mortgage lenders have therefore begun to deliver products acceptable to the Muslim religion.
As Islam is the second largest religion in the UK, with 2.5 million followers, there is also a clear demand for such products.
Islamic Mortgages seeks to help people to navigate the options available on the market, comparing lenders' products and providing direct contact details to help customers avoid paying unnecessary fees.
Nusrat Janjua, marketing director, told the Mortgage Introducer that the website would also offer a brief history of Islamic mortgages, as well as details of upcoming events and the latest opinions of academics in the field.
Reference: www.mortgagesorter.co.uk/articles/view/Islamic-Mortgages-made-easy.html