The Islamic Bank of Britain (IBB) is offering its UK real estate finance product to Gulf-based clients this summer.
A member of Masraf Al Rayan Group, the IBB’s offering is tailored towards discerning individuals seeking to purchase a property in London or the UK for investment purposes or as a holiday home.
As the oldest Shariah-compliant retail bank in the UK, IBB is offering a premium service for clients seeking established local expertise and insight into the property buying process in the UK.
The bank also offers attractive financing rates and is complemented by assistance from a dedicated team based in the Knightsbridge area of London that specialises in assisting GCC nationals with their property purchase in the UK.
Offering a bilingual Arabic and English-speaking service, IBB advisers are regulated for real estate advice and provide individualised customer care to assist clients through the local, legal property-buying process.
This is complemented with assistance for time-pressed clients to find the right property and dedicated support during the finance application process.
Since the bank opened its doors in 2004 as the UK’s only wholly, Shariah-compliant retail bank, it has attracted over 50,000 customers and has earned a reputation for product innovation.
Today, IBB offers the largest range of Islamic retail financial products in the UK. In February 2014, the bank was acquired by Masraf Al Rayan QSC (Al Rayan).
Al Rayan intends to build upon IBB’s excellent foundations and has invested over £100mn to support its expansion. These include Shariah-compliant savings and property finance products for retail and commercial customers based locally and for those investing in the UK from the Gulf.