Islamic finance by UK institutions

The demand for a wider range of Islamic financial products in the UK has been increasing, particularly for Islamic mortgages. Legal barriers to Islamic mortgages include the added cost of the multiple stamp duty, which was recently changed by the government in response to requests by advocates of Islamic finance. Ijara may be the most effective and potentially most popular mortgage method available to Muslims in the UK, partly because it can provide long-term financing with variable rental payments. Islamic products must be properly regulated in order to provide legitimacy and develop a positive reputation to encourage investment.