Islamic Bank of Britain

Islamic Bank of Britain PLC

Phone: +44 (0)845 6060 786
Fax: +44 (0)121 452 7205
Buy to Let Purchase Plan
Unlike a conventional mortgage where you borrow money from a lender which is then repaid with interest, the BTLPP uses the Islamic finance principles of co-ownership (Musharaka) with leasing (Ijara), where you and IBB buy the property as partners and you pay rent on IBB's share in the property.