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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