Bristol &; West (B&;W) has become the latest UK lender to offer an Islamic mortgage in partnership w...
Bristol &; West (B&;W) has become the latest UK lender to offer an Islamic mortgage in partnership with the Arab Banking Corporation (ABC). ABC will market the product under an Islamic brand name, Alburaq, through its London subsidiary, and will also be used to market financial services in the Arab world. Financing for the product and full back office support services will be provided by B&;W. The initial Alburaq finances will be available within three months and enable the customer to become the co-owner of a home alongside B&;W, with future payments structured to buy out B&;W's share,...
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