Islamic Mortgage Guide

UK Islamic home finance provider register

Mainstream UK Islamic mortgage providers, specialist home finance, alternative ownership models, and names we checked but could not verify as current. 13 propositions in total. They are not all comparable, and they do not all serve UK residents.

This is a register, not a ranking.

Inclusion is not an endorsement, not paid for, and not a claim that every entry is a regulated Home Purchase Plan.

13 propositions checked, 3 open to an ordinary UK applicant

  • Open to ordinary UK applicants 3
  • Specialist or international 4
  • Not a home purchase plan 2
  • No current route verified 4
One tile per proposition in our register, grouped by who it serves. Only the 3 in the first group are compared like for like; the others are listed with the reason on the provider register.

Mainstream propositions for UK residents

Regulated owner-occupied Home Purchase Plans open to standard UK-resident applicants, published in enough detail to compare like with like. Our comparison and criteria tools cover these.

Check these three against your situation · Compare their published products

Gatehouse Bank

Active, mainstream
Customers
UK resident; UK expat; international resident
Geography
England and Wales
Published finance-to-value
Up to 95% for a UK-resident house purchase, finance to £600,000; refinance tops out at 90%; up to 80% for expat and international ranges
Published pricing
From 5.53% 5 years fixed, 65% finance-to-value, UK residents EPC A or B required Effective , still published when we checked · 40 priced products tracked
Current status
Active
Last checked

Broadest publicly documented mainstream range; rates vary by residency and EPC/product.

Structure, regulation and firm
Proposition
Mainstream regulated HPP
Structure
Acquisition & Rent HPP
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
Gatehouse Bank · FRN 475346, as stated by the provider
Sources · 3

Read the full research on Gatehouse Bank

StrideUp

Active, mainstream
Customers
UK residents; some visa cases
Geography
England
Published finance-to-value
90% on the consumer channel; 85% on the intermediary channel
Published pricing
Products published; no rate we could independently verify
Current status
Active
Last checked

Rich published criteria, but its consumer and intermediary channels state different figures for age, property value and finance-to-value, and different levels of detail on finance limits.

Structure, regulation and firm
Proposition
Mainstream regulated HPP
Structure
Diminishing Musharakah + Ijarah
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
StrideUp · FRN 785299, as stated by the provider
Sources · 4

Read the full research on StrideUp

Offa

Active, mainstream
Customers
UK residents; British expats
Geography
England and Wales
Published finance-to-value
Up to 95% UK resident; up to 80% British expat
Published pricing
From 6.44% discounted variable, 65% finance-to-value, UK residents Effective , still published when we checked · 16 priced products tracked
Current status
Active
Last checked

5% deposit range is UK-resident only.

Structure, regulation and firm
Proposition
Mainstream regulated HPP
Structure
Diminishing Musharakah + Ijarah
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
Offa · FRN 1000573, as stated by the provider
Sources · 4

Read the full research on Offa

Specialist and international propositions

Regulated, but built for a narrower customer: residency outside the UK, higher value cases, or a private-banking relationship. Listed, never ranked against the mainstream table.

Kuwait Finance House PLC

Active, limited customer scope
Customers
UK and non-UK residents
Geography
London, Home Counties, Manchester, Milton Keynes; other England case-by-case
Published finance-to-value
Up to 70%
Published pricing
From 5.50% variable, 50% finance-to-value, UK residents or international residents Effective , still published when we checked · 12 priced products tracked
Current status
Active
Last checked

Higher minimum finance and a lower finance-to-value ceiling than mainstream providers.

Structure, regulation and firm
Proposition
Specialist regulated HPP/home finance
Structure
Ijarah and Commodity Murabaha
Product regulatory treatment
Provider states: yes for regulated owner-occupied cases
Firm
Kuwait Finance House PLC · FRN 131818, as stated by the provider
Sources · 5

Al Rayan Bank Premier Home Finance

Active, limited customer scope
Customers
Qatar, Saudi Arabia, Kuwait, Bahrain and Oman applicants
Geography
England and Wales
Published finance-to-value
Negotiable
Published pricing
Products published; no rate we could independently verify
Current status
Active
Last checked
Structure, regulation and firm
Proposition
Specialist regulated home finance
Structure
Commodity Murabaha (Tawarruq)
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
Al Rayan Bank Premier Home Finance · FRN 229148, as stated by the provider
Sources · 1

Nomo by BLME

Active, limited customer scope
Customers
Residents of Bahrain, KSA, Kuwait, Qatar, UAE and Oman; not UK residents
Geography
Current product page says England, Scotland and Wales; criteria page says England and Wales
Published finance-to-value
Up to 75% on every published range
Published pricing
From 5.69% 2 years fixed, 75% finance-to-value, refinance only, Gulf residents Effective · 6 priced products tracked
Current status
Active
Last checked
Structure, regulation and firm
Proposition
Specialist regulated Murabaha property finance
Structure
Commodity Murabaha
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
Nomo by BLME · FRN 464292, as stated by the provider
Sources · 3

QIB (UK) plc

Active, relationship banking only
Customers
Private-banking/HNW clients
Geography
London residential property
Published finance-to-value
Bespoke / not published
Published pricing
Products published; no rate we could independently verify
Current status
Active
Last checked

£1m qualifying relationship balance.

Structure, regulation and firm
Proposition
Private-bank regulated Murabaha home finance
Structure
Murabaha
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
QIB (UK) plc · FRN 466577, as stated by the provider
Sources · 3

Alternative home-ownership models

Not equivalent to the regulated Home Purchase Plans above, and their protections differ. Each card states the position we could verify for that proposition.

Wayhome Deposit Bridge

Active, not a home purchase plan
Customers
UK right-to-rent applicants meeting criteria
Geography
Selected UK properties
Initial contribution
1% purchase option fee, not a deposit or finance-to-value product
Published pricing
No published rate card tracked
Current status
Active
Last checked

A five-year occupancy arrangement with an option to buy, not a co-ownership plan. Wayhome states the home is owned by one of its funding partners for the term and that customers "don’t own it or build equity during this time". A 1% purchase option fee is paid up front; at the end of five years the customer may buy at a 10% discount, or decline and receive up to 7% towards relocation. Wayhome’s published regulatory information says insurance arranging is the regulated activity within its group and that other aspects of the business fall outside financial services regulation. That statement describes protections in terms of an interest in an LLP, which is the structure of its former product, so we have not carried its Ombudsman and compensation-scheme wording across to Deposit Bridge. What that means for a Deposit Bridge customer specifically is an open question on our register, which we have not yet put to Wayhome.

Structure, regulation and firm
Proposition
Alternative pathway, not HPP
Structure
Five-year occupancy with purchase option; not a Home Purchase Plan
Product regulatory treatment
Not established as HPP
Firm
Wayhome Deposit Bridge. No FCA reference applies to this proposition
Sources · 3

Pfida OwnTogether

Waiting list
Customers
Applicants joining waiting list
Geography
UK scope requires case verification
Initial contribution
Typically 20% initial equity; 15% case-by-case
Published pricing
No published rate card tracked
Current status
Waiting list / constrained availability
Last checked

A co-ownership arrangement, OwnTogether, in which the customer acquires equity over time and can accrue more by meeting a monthly target. Closer in shape to a diminishing partnership than the Wayhome arrangement, but Pfida states plainly that "none of Pfida’s products are FCA regulated" and that customers are "not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme". Currently a waiting list rather than an open application route.

Structure, regulation and firm
Proposition
Unregulated co-ownership alternative
Structure
Equity shares + rental lease
Product regulatory treatment
No product-level FCA protection
Firm
Pfida OwnTogether. No FCA reference applies to this proposition
Sources · 3

Checked, but not open for mainstream new business

Names on provider lists, in older articles and in search results. We could not verify a current public new-business owner-occupier route for any of them; one runs an existing-customer route.

Al Rayan Bank standard retail HPP

Existing customers only
Customers
Existing customers
Geography
Not applicable for new applications
Published finance-to-value
Not applicable
Published pricing
No published rate card tracked
Current status
No current public new-business page verified
Last checked

We could not verify a current new-business route for standard UK retail Home Purchase Plan applications. The former product page returns a 404 and we found no replacement.

Structure, regulation and firm
Proposition
Existing-customer / historical mainstream HPP
Structure
Legacy HPP
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Firm
Al Rayan Bank standard retail HPP · FRN 229148, as stated by the provider
Sources · 1

Nester

No public new-business route verified
Customers
Investors and property-finance borrowers
Geography
UK property
Published finance-to-value
Not applicable
Published pricing
No published rate card tracked
Current status
Active business; no owner-occupier retail HPP verified
Last checked

We found no current owner-occupier Islamic home finance proposition. Nester operates as a property investment and finance platform.

Structure, regulation and firm
Proposition
Investment/property finance platform
Structure
Investment/property finance
Product regulatory treatment
Not an owner-occupier HPP
Firm
Nester. No FCA reference applies to this proposition
Sources · 1

UBL UK / historical United National Bank

No public new-business route verified
Customers
Unknown current scope
Geography
Unknown
Published finance-to-value
Unknown
Published pricing
No published rate card tracked
Current status
No current public retail HPP verified
Last checked

UBL UK’s own site lists an Ameen Islamic banking schedule of charges for accounts and payments, and residential property lending that is interest-bearing buy-to-let for business use only. It publishes no Islamic home finance product. The last mention of an Islamic mortgage product we found is in its 2016 annual report, which is not evidence of a live product.

Structure, regulation and firm
Proposition
Historical Islamic mortgage reference
Structure
Unknown
Product regulatory treatment
Not established by our research
Firm
UBL UK / historical United National Bank. FCA reference not established
Sources · 3

Abu Dhabi Islamic Bank

No public new-business route verified
Customers
Corporate/institutional
Geography
UK corporate real estate
Published finance-to-value
Not applicable
Published pricing
No published rate card tracked
Current status
No public UK retail HPP verified
Last checked

We found UK corporate property finance activity, but no public UK retail Islamic home finance proposition. ADIB’s UK site describes commercial real estate financing only, and says the regulated banking operations of ADIB (UK) Limited have been withdrawn and its accounts closed.

Structure, regulation and firm
Proposition
International bank with UK corporate real-estate activity
Structure
Sharia-compliant corporate finance
Product regulatory treatment
Not verified as UK retail HPP
Firm
Abu Dhabi Islamic Bank. No FCA reference applies to this proposition
Sources · 2

Common questions about UK Islamic mortgage providers

How many Islamic mortgage providers are there in the UK?
It depends what counts, which is why this page is a register rather than a number. We track 13 propositions and provider routes relevant to the UK Islamic home finance market, and they are not all Islamic home finance products. 3 are mainstream Home Purchase Plans open to standard UK-resident applicants: Gatehouse Bank, StrideUp, Offa. 4 are regulated but serve a narrower customer, such as Gulf residents or private-banking clients. 2 are alternative ownership models that are not Home Purchase Plans, and 4 are names we checked and could not verify as having a current public new-business route.
Why are only 3 providers in the mainstream comparison?
Because a comparison is only honest between products one person could choose between: a regulated owner-occupied Home Purchase Plan, open to standard UK-resident applicants, published in enough detail to compare. The other entries fail one of those tests, and each card states which.
Do providers pay to appear on this register?
No. Nobody pays us at present: no commercial partners, referral arrangements, advertising or affiliate links. Inclusion is not an endorsement and no entry can pay to change its card.
Which Islamic mortgage provider has the lowest rate?
The lowest figures here are not alternatives to one another: the cheapest belong to restricted products, such as a green range needing an EPC rating of A or B, a refinance-only product or a variable rate. Each card carries its conditions. For a like-for-like ranking, use the comparison page.

How the register is kept

The register's headline finding is written up as a dated research note: who is actually open to an ordinary UK applicant, name by name.

Why a register, and the rules each card follows
Why a register
A directory can simply list names. A register records what we checked, including the entries where the finding was that nothing current exists. The rows with no product are research results, not gaps.
Why no rate appears without its conditions
The lowest figures on this page are not alternatives to one another. Gatehouse's is a five-year fixed in a Green range needing an EPC of A or B at 65% finance-to-value; Offa's is a discounted variable at 65%; Kuwait Finance House's is a variable below 50%; Nomo's is a large refinance for Gulf residents. Every figure therefore carries its product type, deposit tier, customer scope and effective date, and no two are placed in a shared column.
Firm status and product treatment
Two separate questions, recorded separately. A firm can be authorised while a particular proposition sits outside the protections that authorisation implies. We record what each provider states about each, and do not infer one from the other.
Regulatory classification
Not every Sharia-compliant home finance arrangement is a Home Purchase Plan. Some murabaha structures sit within the regulated mortgage regime instead. We record what each provider states and never infer a classification from a structure name.
Sharia governance, and why it is not here yet
When this field arrives it will report the evidence a provider publishes, such as a Sharia supervisory board or a product-specific certificate, without ranking scholarly authorities or offering a religious opinion of our own. It is absent because we have not yet checked every proposition to the same standard, and a field populated for some entries would read as a finding about the others.

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