Legal Practice Area
Islamic Mortgage
Sharia-compliant home purchase plans (HPP) require specialist legal understanding to handle co-ownership, lease contracts, and bank-appointed legal documentation alongside standard conveyancing.
Who This Service Is For
- Buyers using Diminishing Musharaka (co-ownership) arrangements
- Homeowners refinancing under Ijara (lease-based) structures
- Purchasers working with Islamic financial institutions (e.g. Gatehouse, Al Rayan)
Typical Process
01
Instruction & verifying Islamic bank finance offer terms
02
Conveyancing title checks & landlord/freehold enquiries
03
Drafting and executing Islamic finance co-ownership & lease agreements
04
Synchronised completion & registration with bank security
Frequently Asked Questions
How does an Islamic home purchase plan differ legally?
Under an Islamic mortgage, the financier purchases the property alongside you (Diminishing Musharaka) or leases it to you (Ijara), requiring dual legal contracts.
Do you act for both the buyer and the Islamic lender?
In most cases, yes, provided we are on the lender's approved solicitor panel or instructions allow joint representation.
Step 1 of 4Service