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Islamic commercial opportunities for the future

As the credit crunch takes effect; the feeling within the property market is one of scepticism, particularly by many analysts within the 'sub-prime' lending market. The tightening up of lending criteria, removal of some favourable mortgage deals and the inevitably likelihood of an increase in the lending rates, does paint a bleak picture for the property market in general, let alone, the commercial property market.

However, while some intermediaries continue to look at the commercial mortgage market with a certain degree of negativity, there have been continued developments and sure signs of the next 'big' steps for the Islamic mortgage market will be the emergence of competitive Islamic commercial deals that are compliant with Shariah law.

Although, it is difficult to predict how big the Islamic commercial market could potentially be, the UK already has over 100,000 small to medium Muslim businesses currently trading.  The Islamic community is very entrepreneurial and property is seen as a key part of their investment portfolio. It is acceptable in the restrictions of Islamic law, as it is a tangible asset that fluctuates in profit.
Nusrat Janjua
IslamicMortgages.co.uk

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