Muslim Credit

Muslim loans is different from conventional loans.

There are about 2.5 million Muslims in the United Kingdom.

For many Muslims, the question is do they go against their religious beliefs by opting for a conventional credit or do they try to take a credit which complies with their faith.

Under Islamic law, interest payment is forbidden. There are two types of Halal mortgages, Ijara and Murabaha.

Murabaha

The Murabaha loan is suitable for those who have a large deposit to invest.

Ijara

The Ijara loan is a good option for many muslims as a substantial amount are not required and the loan is more flexible.