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

Natwest introduces halal mortgage

Posted on 31 October 2008

From Theasiannews.co.uk: Natwest bank has launched its first halal mortgage product, which is compliant with Shariah (Islamic) law. The new mortgage product available from NatWest Business Banking is for commercial properties and has been launched in response to strong customer demand and is specially tailored to the needs of the country’s two million Muslims.

In accordance with Shariah law, the product will not charge interest…… Full Article: Source

 
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