Islamic Commercial Property Finance

We have designed a property finance solution that has been certified by recognised scholars of Islam as being compliant with Shariah law.

Islamic Commercial Property Finance enables you to fund commercial property acquisition and/or investment in England & Wales in keeping with your Islamic principles, and is compliant with the advice that the Bank has received from a Shariah Supervisory Board.

Key features and benefits:

• Islamic Commercial Property Finance offers property finance that is compliant with Islamic principles.
• No interest (Riba) is charged as this is forbidden under Shariah law
• Minimum advance usually £26,000, no maximum
• The maximum payment term is normally 25 years, minimum 1 year
• Payments are fixed for the entire term
• This product adopts the Murabaha principle (cost-plus or deferred sale) under which the Bank buys the property and immediately transfers it to the customer at a profit. This principle is considered to be a suitably Shariah-compliant method for the purchase of property in the UK.

Security may be required. Over 18s only.

We provide dedicated Relationship Managers who have a detailed understanding of the product and it’s differences to conventional finance.

Regional contacts who will be pleased to discuss your requirements, can be found below:

Shariah Supervisory Board

NatWest is guided by Yasaar Ltd and it's Shariah Supervisory Board in the provision of Shariah-compliant products and services. Scholars currently on Yasaar’s Board include:

Sheikh Dr. Mohd Daud Bakar

Dr. Bakar is the Chief Executive Officer of the International Institute of Islamic Finance. His areas of specialization include Islamic legal theory, Banking and Finance, Law of Zakat and Medical Law. He provides Shariah consultancy, structuring and advisory services to various financial institutions, and is on the Shariah supervisory boards of organizations including the Central Bank of Malaysia, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in Bahrain, and the FTSE Global Islamic Equity Series. He has published many articles in academic journals and presented papers globally on the subject of Islamic finance. He obtained his Bachelor of Shariah from the University of Kuwait in 1988 and was later conferred with a Ph.D. from the University of St. Andrews, Scotland. Dr. Mohd Daud is a Director and Shareholder of Yasaar Limited.

Sheikh Dr. Abdul Sattar Abu Ghuddah

Dr. Abu Ghuddah obtained BA degrees in Islamic Shariah and in Law from Damascus University. He has an MA in Shariah and Hadith and his Ph.D. in Shariah and Comparative Fiqh from Al-Azhar University, Cairo. He is an active member of the Islamic Fiqh Academy in Jeddah and on the Shariah Boards of a number of Financial Institutions. He is also a Member of the Standards Board and Shariah Council of the Accounting & Auditing Organisation for Islamic Financial Institutions (AAOIFI). Dr. Abdul Sattar teaches Fiqh, Islamic studies and Arabic in Riyadh and has performed the valuable task of researching information for the Fiqh Encyclopaedia complied by the Ministry of Awqaf and Islamic Affairs in Kuwait. He is extremely well regarded globally in his capacity as a Shariah Scholar.

Sheikh Essam Ishaq

Sheikh Essam Ishaq holds a degree in Political Science from McGill University, Canada, and serves on the Boards of many financial institutions including Arcapita Bank, AAOIFI, and Al Baraka Islamic Bank. His other positions currently include Member, Technical Committee for Interpretation and Application of Standards, Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI), Bahrain, and Consultative Council, Kingdom of Bahrain (First Legislative turn). He is very active as an educator.

Sheikh Dr Yousef Alshubaily

Sheikh Yousef is one of the newer Scholars in Yasaar’s endeavour to create a cohesive group of Scholars. Sheikh Yousef is a teacher and educator at university level in Saudi Arabia and is advisor to a number of financial institutions and banks. He has considerable knowledge of Islamic jurisprudence and has presented at many international forums. He spent a number of years in the United States and now resides in the Kingdom of Saudi Arabia.

Sheikh Dr. Mohamed Akram Laldin

Dr. Mohamad Akram is currently an Assistant Professor and Deputy Dean (Academic Affairs), Kulliyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University, Malaysia (IIUM). He holds a B.A. Honours degree in Islamic Jurisprudence and Legislation from the University of Jordan, Amman, Jordan and a Ph.D. in Principles of Islamic Jurisprudence (Usul al-Fiqh) from the University of Edinburgh. He is a prolific author on the subject of Islamic Finance and Banking as well as a presenter at many conferences worldwide. He is based in Kuala Lumpur.

Important Information

You need to ensure that you are satisfied with all of the terms of Islamic Commercial Property Finance, from both a business and personal perspective.

Finance is subject to status, and the Bank may require other conditions to be met that may not be Shariah compliant. Your Relationship Manager will be pleased to discuss any specific conditions with you.