Updated October 2026 · Fraser Bond
Buying · Riba-free
Buying without riba
Cash& savings
Familyhelp
HPPsIslamic finance
Comparetotal cost
In short: If you want to avoid paying interest, the main routes are buying with savings or family help, or using an Islamic home purchase plan (HPP) structured as Ijara or Diminishing Musharaka. Compare the total cost of an HPP with conventional options, and check deposit requirements. Some people also consider shared ownership, but it usually involves a conventional mortgage, so check structures carefully. For how HPPs work, see our Islamic home finance guide.
Frequently asked questions
Is an Islamic mortgage interest-free?
It's structured to avoid interest, using rent or profit instead.
How much deposit do I need?
Often around 10–20%, depending on the provider.
Can Fraser Bond help me buy?
Yes, with finding a home and the purchase process.
