British government promotes London as Islamic Finance Center and other news about islamic home financing. It’s all here in our latest ijaracdc.com newsletter
Every month brings something new when it comes to islamic home financing and how more countries and institutions are catching on when it comes to this Sharia compliant technique. March brings a formal announcement from one of the bigger players in the Western economic world that is looking to compete with the larger Islamic finance centers like Dubai.
In fact, British Financial Secretary to the Treasury Greg Clark has formed a group that will try and bring more business to the nation by facilitating islamic mortgage financing investment. For industry insiders, the move comes as anything but a surprise since Britain is already a hub for Islamic business. To date, more than $34 billion or 22.8 billion pounds of different types of Islamic financial products have been issued through the London Stock Exchange.
Here at ijaracdc.com, we pride ourselves with keeping on top of current developments when it comes to the big picture of Islamic finance to stay informed and better serve our valued clients. Remember we are not a loan originator or broker, we focus on providing Islamic loan financing alternatives to interested consumers who want to stay compliant with Sharia law.
Islamic loans in the UK
The British are serious about their commitment to islamic home financing and to prove it, they’re hosting The World Islamic Economic Forum in London this October. The event will mark the first time the event has been held outside of an Islamic city.
We’re been riding that same wave of innovation here at ijaraloans.com. Not only are we the first to provide Sharia Compliant Acquisition Solutions in all fifty American states, but we were the first to open up operations in Canada as well.
We put together the right product only after making sure that our exclusive IjaraTM Home Financing Program was in compliance with Islamic Finance Guidelines and free from Riba and also Gharar.
Of course we have focused operations in North America, but we still keep a close eye on the ever increasing spread of Islamic finance worldwide, even in the developing world.
More recent news reports are saying the push is on to be the dominant islamic mortgage financing provider in West Africa. Senegal’s government has recently adopted changes that will allow it to pursue that goal.
If you’re thinking about applying for one of these Islamic loans yourself, you don’t need to move to another continent to get the process started. Why not go straight to our website today where you’ll get all the information to understand how we can help you?
