The register covers mainstream UK Islamic mortgage providers, specialist home
finance, alternative ownership models, and names we checked but could not verify as
current new-business propositions. We track 13 home-finance
propositions in total. They are not all directly comparable, and they do not all
serve UK residents.
This is a register, not a ranking.
Propositions appear because we found something worth documenting, not because
anyone paid to appear and not because we recommend them. Inclusion is not an
endorsement, and it is not a claim that every entry is a regulated Home Purchase
Plan.
Mainstream propositions for UK residents
Regulated owner-occupied Home Purchase Plans available to standard UK-resident applicants. These are the propositions our comparison and criteria tools cover, because their products are published in enough detail to be compared like with like.
90% on the consumer channel; 85% on the intermediary channel
Published pricing
Products published; no rate we could independently verify
Current status
Active
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
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.
From 5.50%discounted variable, 65% finance-to-value, UK residents or British expats
Effective , still published when we checked · 10 priced products tracked
Current status
Active
Proposition
Mainstream regulated HPP
Structure
Diminishing Musharakah + Ijarah
Product regulatory treatment
Provider states the owner-occupied product is FCA regulated
Regulated, but built for a narrower customer: residency outside the UK, higher value cases, or a private-banking relationship. Their headline figures can look competitive, but they sit behind materially different customer, finance or access criteria, so we list them here and do not rank them 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
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
Last checked
Higher minimum finance and a lower finance-to-value ceiling than mainstream providers.
Researched because readers encounter them, and separated because they are not directly equivalent to the regulated Home Purchase Plans above. Their regulatory protections differ, and we state the position we could verify for each proposition separately rather than generalising across them. Appearing here means we documented the proposition, not that we verified it as an equivalent alternative.
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
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
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 we have raised rather than answered.
Pfida OwnTogether. No FCA reference applies to this proposition
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.
Names that appear on provider lists, in older articles and in search results. We looked, and could not verify a current public new-business owner-occupier route matching the mainstream propositions above. In one case an existing-customer route does operate. A missing row is a research result too, and publishing it is the point of keeping a register rather than a directory.
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
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
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.
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. The mainstream group is defined by publication and access: a regulated owner-occupied Home Purchase Plan, open to standard UK-resident applicants, published in enough detail to compare like with like. The other entries fail one of those tests, and each card states which. A register that mixed them into one table would produce comparisons nobody can act on.
Do providers pay to appear on this register?
No. Nobody pays us at present: no commercial partners, no referral arrangements, no advertising and no affiliate links. Entries appear because we researched them, including the ones where the finding was that no current proposition exists. Inclusion is not an endorsement and no entry can pay to change what its card says.
Which Islamic mortgage provider has the lowest rate?
The lowest figures on this page are not alternatives to one another, which is why no shared rate column exists here. Each register card shows the provider’s lowest tracked figure with the product type, deposit tier, customer scope and any conditions attached, because the cheapest numbers belong to products with restrictions: a green range needing an EPC rating of A or B, a refinance-only product, a variable rate. For a like-for-like ranking within one borrower shape, use the comparison page.
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.
