The foundation of the Islamic Banking model is based on a profit-sharing principle, whereby the risk is shared by the bank and the customer. This system of financial intermediation contributes to a more equitable distribution of income and wealth.
What is Sharia Finance?
Islamic finance is a means of financial funding in a way which is respectful to the principles of Sharia Law and guided by Islamic economics.
Sharia financing is used to offer banking and financial services to over 1.8 billion Muslims globally. In the UK, this 3.8 million strong community is massively underserved, especially when it comes to business financing options for SMEs.
The fundamental principle of Islamic finance is the avoidance of any financial activities which could be deemed either harmful (Haram) or risky for the person. Wealth must be generated from legitimate trade and asset-based investment.
Why should I choose Sharia Finance?
Is my business eligible for Sharia finance?
2 years trading history
UK registered trading company
Stable cash flows and profitable (Net Profit After Tax)
No payment or demand event (CCJ’s) in the last 3 years
Compliant with KYC/AML requirements
Non Sharia-compliant business activities are excluded (e.g. gambling)
Business Finance and Loan Solutions
We offer a wide range of tailored, specialist financial solutions for businesses and we invite you to speak with a member of our expertly trained team to find the right solution for you.