Home
Price the structure, then read it.
Islamic home finance in the UK often costs more than a high-street mortgage. That is not a reason to take the mortgage. Use this to see the sterling gap, then open the diminishing-musharakah guide.
£
15% · £63,750
25 years
%
%
%
The bars use the same instalment maths so you can see the price of a higher profit rate. They do not prove a product is halal. A cheaper conventional mortgage is still a riba loan.
Educational, not a fatwa. Structures differ by document and school. Confirm with a qualified scholar before you sign.
Amount financed £361,250
Forest = extra paid over the term. Cream = amount financed.
Mortgage
£1,987
per month
£596,249 total
Musharakah
£2,175
per month
£652,636 total
Ijara
£2,218
per month
£665,517 total