Expert Sharia-compliant finance solicitors for halal mortgages, Islamic banking solutions and business finance. Avoiding interest (riba) while achieving your financial goals.
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Islamic finance principles prohibit interest (riba), gambling (gharar), and investment in prohibited industries. Our specialist solicitors help you navigate halal financial solutions in the UK market, ensuring your transactions comply with both Islamic principles and UK financial regulations.
Murabaha (Cost-Plus Sale):
Ijara (Islamic Lease):
Diminishing Musharaka (Partnership):
Musharaka (Partnership Finance):
Mudaraba (Trust Finance):
Ijara (Asset Leasing):
Prohibited Elements (Haram):
Required Elements (Halal):
Available Providers:
Regulatory Framework:
Our solicitors ensure all Islamic finance documentation meets both Sharia and UK legal requirements:
Islamic finance in the UK requires specialist legal guidance to ensure both religious compliance and regulatory adherence while achieving your financial objectives.
This information is for general guidance only and does not constitute legal advice. For specific legal advice tailored to your situation, please consult with a qualified solicitor.
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Find Your SolicitorCommon questions about sharia-compliant finance and how our solicitors can help
Sharia-compliant finance avoids interest (riba), excessive uncertainty (gharar), and investment in prohibited industries like alcohol, gambling, or pork. Instead, it uses profit-sharing partnerships, leasing arrangements, or asset-backed transactions. All financing must be backed by real assets and involve genuine risk-sharing between parties. Our solicitors ensure your financial arrangements meet these strict Islamic requirements while achieving your commercial objectives.
Islamic mortgages avoid interest through alternative structures. Murabaha involves the bank buying the property and selling it to you at cost plus profit in installments. Ijara is lease-to-own where you gradually acquire ownership. Diminishing Musharaka is a partnership where your ownership share increases over time. Monthly payments are structured similarly to conventional mortgages but represent purchase payments or rent rather than interest charges.
Islamic mortgages are typically more expensive than conventional mortgages due to their complex structure and limited competition. The difference can be 0.5-2% higher in annual percentage rate equivalent. However, they provide the spiritual benefit of avoiding interest and may offer other advantages like shared property appreciation. Our solicitors help you compare options and negotiate the best available terms for your Islamic mortgage.
Yes, Islamic business finance is available through specialized providers and some conventional banks. Options include Musharaka (profit-sharing partnerships), Mudaraba (investment partnerships), and Ijara (equipment leasing). Islamic trade finance and working capital solutions are also available. However, options are more limited than conventional finance and often more expensive. Our solicitors help identify suitable providers and structure compliant arrangements.
Musharaka is an equity partnership where all parties contribute capital and share profits and losses according to agreed ratios. All partners typically participate in management. Mudaraba is where one party (Rabbul Mal) provides capital while another (Mudarib) provides expertise and management. Profits are shared according to pre-agreed ratios, but losses are borne only by the capital provider unless due to negligence or misconduct.
Takaful (Islamic insurance) is available in the UK but options are limited. It operates as mutual insurance where participants contribute to a common fund to help each other rather than transferring risk to an insurance company for profit. Some providers offer Takaful for motor, home, and life insurance. Conventional insurance is permitted by many scholars for legal requirements like motor insurance, but Takaful is preferred where available.
Yes, but only in shares of companies that comply with Islamic principles. Companies must not be primarily involved in prohibited industries (alcohol, gambling, conventional banking, pork). Their debt levels and interest income must be below certain thresholds (typically 33% debt-to-market cap and 5% interest income). Many Islamic investment funds and screening services help identify compliant investments. Our solicitors can guide you on Sharia-compliant investment strategies.
Sukuk are Islamic bonds that represent ownership in underlying assets rather than debt obligations. Instead of interest payments, returns come from profits generated by the underlying assets or rental income. Common structures include Ijara Sukuk (lease-based) and Murabaha Sukuk (trade-based). They provide fixed-income investment opportunities while complying with Islamic principles. Our solicitors help evaluate Sukuk investments and ensure they meet your Sharia compliance requirements.
Check if your bank account earns interest - if yes, it's not Sharia-compliant. Islamic current accounts typically offer no returns or share in the bank's profits rather than paying predetermined interest. Islamic savings use Mudaraba (profit-sharing) principles where returns depend on the bank's investment performance. Several UK banks offer Islamic banking windows. Our solicitors can review your banking arrangements and recommend Sharia-compliant alternatives.
Interest (riba) that you've already received should be given to charity without seeking reward, as it's considered 'purification' of your wealth. You cannot benefit from or use interest money for personal purposes. Document these charitable donations for your records. Going forward, switch to Sharia-compliant banking and investment arrangements to avoid future interest receipt. Our solicitors can help you transition to fully compliant financial arrangements.
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