DOHA: Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real estate finance product to Gulf-based clients this summer.
The offering is tailored towards discerning individuals seeking to purchase a property in London, or the UK, for investment purposes or as a holiday home, said a press statement yesterday.
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.
As part of the Masraf Al Rayan group of companies, the largest Islamic bank in Qatar (by market capitalisation), the IBB offers attractive financing rates. This is complemented by assistance from a dedicated team based in the Knightsbridge area of London, specialised 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 help for time-pressed clients to find the right property and dedicated support during the finance application process.
Since the bank opened its doors as the UK’s only wholly, Shariah-compliant retail bank in 2004, it has attracted over 50,000 customers and 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 £100million to support its expansion.
These include Sharia compliant savings and property finance products for retail and commercial customers based locally, and for those investing in the UK from the Gulf.
The Peninsula
