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Islamic Real Estate Finance 2004 Keith Leach Senior Manager ABC International Bank PLC

Islamic Real Estate Finance 2004 Keith Leach Senior Manager ABC International Bank PLC. Islamic Real Estate Finance 2004. The UK Market At least 16 institutions Ahli United Bank, HSBC, UNB, Islamic House of Britain At least 7 UK Banks At least 5 UK Building Societies.

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Islamic Real Estate Finance 2004 Keith Leach Senior Manager ABC International Bank PLC

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  1. Islamic Real Estate Finance 2004Keith LeachSenior ManagerABC International Bank PLC

  2. Islamic Real Estate Finance 2004 The UK Market • At least 16 institutions • Ahli United Bank, HSBC, UNB, Islamic House of Britain • At least 7 UK Banks • At least 5 UK Building Societies

  3. Islamic Retail Banking in Non-Muslim Countries Muslims in the UK • Total Muslim Population: 1.8 Million • Pakistani Origin: 43% • Bangladeshi Origin: 17% • Indian Origin: 9% • Others: 31%

  4. Islamic Retail Banking in Non-Muslim CountriesMarket Preference

  5. Islamic Retail Banking in Non-Muslim Countries • Heightened awareness of Islamic Banking • Increased demand for Islamic products • More Islamic banks and finance companies • Increased product development and sophistication • Increased customer satisfaction • More customers

  6. Islamic Real Estate Finance 2004 The products available now • Murabaha • Ijara • Diminishing Musharaka & Ijara • Istisna

  7. Islamic Real Estate Finance 2004 Residential Development Finance • Istisna finance • Financier contracts with contractor • Financier contracts with customer • Difference the financier’s profit

  8. Islamic Real Estate Finance 2004 The Summary • Educate and build awareness • Regulatory rules/laws the biggest hurdle • New products needed to move things forward • Increasing European cross border legislation likely to present further barriers • Act now!

  9. Islamic Real Estate Finance 2004 Keith LeachSenior ManagerABC International Bank PLC

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