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Why Shariah finance and real estate are a perfect match

Posted on 29 October 2012

Islamic finance continues to grow as a prudent alternative to conventional debt-based structures. Financial assets total more than $1.3 trillion and instruments are expanding into new countries beyond its traditional markets in the Middle East and Malaysia. At its core, Sharia principles favour the development and sharing of risk in physical assets, which contribute to the economic growth of society.
There is therefore a natural match between the Islamic finance model and the acquisition and development of real estate assets. Moreover, Islamic finance is a flexible tool which can be used for a wide range of real estate financings. This ranges from residential mortgages (such as the United National Bank of Pakistan’s lease-based mortgage, the first of its kind in the UK), to large scale financings such as Qatari Diar’s acquisition of the Chelsea Barracks and the construction of the Shard of Glass in London. ……………………………………….Full Article: Source

 
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