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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Islamic Bank of Britain cuts rates for Sharia-compliant BTL mortgage

Posted on 24 April 2013

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has lowered the rental rate for its Sharia compliant Buy to Let Purchase Plan product range.
The new variable rental rate of 4.89% will apply to both IBB BTLPP products, i.e.: 1. Rent and acquisition BTLPP which requires a deposit of 25% (75% finance to value)……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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