The partnership aims to address the limited options available to GCC-based customers
Access Financial Services (Access FS) has entered a partnership with Nomo Bank to provide customers with access to Sharia-compliant property finance for UK rental and residential properties.
The collaboration, Access FS said, aims to address the limited options available to Gulf Cooperation Council (GCC)-based customers seeking property finance in the UK while adhering to Sharia law.
The products offered by Access FS and Nomo Bank cater to GCC-based customers interested in holiday homes, buy-to-let properties, and other residential opportunities in the UK. Nomo Bank’s financing products enable customers to purchase UK properties without compromising their religious beliefs.
Nomo property finance debuted in the UK market in February 2023 as the world’s first digital Sharia-compliant cross-border bank.
“We have partnered with Access FS as they are an exciting, fast-growing UK brokerage that closely aligns with our values,” Sean Gilchrist, chief executive of Nomo, said. “Access FS will help us bring Sharia-compliant financing to more customers, helping them to buy their residential or buy-to-let portfolio.”
Karl Wilkinson (pictured), chief executive of Access FS, added that they too were looking forward to being able to help customers access Sharia compliant property finance solutions.
“We love the ethos behind Nomo,” he stated. “Customers will be able to purchase a property in the UK without compromising on their principles.”
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