GoSharia

Use GoSharia to quickly compare rates on ethical savings accounts, current accounts and halal mortgages from all UK Islamic banks. Islamic banks offer some of the best ethical savings accounts and most competitive rates in the UK. The range of ethical savings products on offer includes instant access savings accounts, notice savings accounts, and fixed term deposits (FTDs). These also include tax efficient individual savings accounts (ISAs). Islamic banks also offer some of the most competitive mortgage rates in the UK. Halal mortgages or Islamic home finance in the UK is predominantly based upon the Islamic finance principles of Diminishing Musharaka (co-ownership) and Ijara (leasing). In some cases, facilities based on Murabaha (cost plus mark-up)are also available. Sharia compliant Islamic or halal mortgage alternatives in the UK include Home Purchase Plans (HPPs), Fees Assisted HPPs and Buy to Let Purchase Plans (BTLPPs). Islamic banks undertake in ethical, Sharia compliant activities with the intention of generating profits that they share with depositors. Use our site to also learn about the underlying principles governing Islamic banks in the UK.