Buying your first home is a major milestone—especially when you want to do it in accordance with your Islamic faith. If you’re a Muslim first-time buyer in the UK, you may be looking for a Sharia-compliant home finance solution that allows you to avoid Riba (interest) while still accessing the housing market.
At Fraser Bond, we specialise in helping first-time buyers navigate the UK property market with ethical, faith-compliant financing options. We work closely with reputable Islamic finance providers to guide you through every step of the Halal home buying journey.
Unlike conventional mortgages, Sharia-compliant finance avoids interest (Riba), uncertainty (Gharar), and speculative risk. Islamic home finance is structured using asset-backed models, meaning the property is either leased, sold, or jointly owned in a way that is permissible under Islamic law.
The three main types of Halal home finance are:
You and the bank co-own the property.
You pay monthly rent on the bank’s share while gradually buying it out.
Over time, you become the full owner.
The bank buys the property and leases it to you.
Monthly payments cover rent and eventual ownership.
You own the home outright at the end of the term.
The bank purchases the property and sells it to you at a set profit.
No interest—just a fixed repayment amount over time.
Ownership transfers to you at purchase.
All of these structures are FCA-regulated and overseen by Sharia supervisory boards.
Islamic mortgages are increasingly accessible to new buyers, with tailored products that offer:
Flexible repayment terms (10 to 35 years)
Deposits from as little as 20%
Fixed monthly payments with no interest
Ethical investment principles aligned with Islamic values
Full ownership without Riba at the end of the term
Many first-time buyers also benefit from stamp duty exemptions (for homes under £425,000 in England) and support from first-time buyer schemes, which may be compatible with Islamic finance.
Here are some of the most trusted providers offering Sharia-compliant home purchase plans (HPPs) for new buyers:
Full Sharia-compliance with nationwide reach
Offers Diminishing Musharaka model
Favourable terms for first-time buyers
Competitive rental rates and application support
Offers flexible Islamic home finance and buy-to-let options
Open to salaried, self-employed, and professional applicants
First-time buyer friendly with online application tools
Provide access to Islamic finance via approved brokers
Focused on UK-based buyers and diaspora markets
May require larger deposits and manual underwriting
Fraser Bond works with Islamic mortgage brokers to match you with the right lender and structure based on your income, deposit, and property goals.
As London-based property experts, we help first-time buyers:
Identify Sharia-compliant properties and suitable financing routes
Connect with FCA-approved Islamic mortgage providers
Prepare documentation for affordability checks and approval
Advise on property values, location suitability, and legal due diligence
Navigate all steps of purchase, negotiation, and completion
Whether you're buying in Tower Hamlets, Ilford, Wembley, or elsewhere in Greater London, Fraser Bond ensures your home buying journey aligns with Islamic principles, UK legal standards, and personal peace of mind.
Buying your first home should be a rewarding and ethical experience. Fraser Bond supports first-time buyers with Sharia-compliant home finance solutions that make Islamic homeownership a reality.
Visit FraserBond.com to schedule a consultation and discover the best Halal mortgage options for your situation.
