The Al-Manzil Service

This website is designed to provide information about the two ways in which we
can help you finance the purchase or refinance of property according to Islamic law.

If you are interested in applying to us we do recommend that you spend time browsing the website to help you understand how what we offer is different to a ‘conventional’ interest mortgage.

If you have further questions please do not hesitate to contact us either by telephone or email. Please note that telephone calls may be recorded for training and monitoring purposes.


Helping You to Buy Your Home in Accordance with Islam

Ahli United Bank (UK) PLC (AUBUK formerly known as The United Bank of Kuwait PLC) introduced Al-Manzil Home Purchase Plans in 1997 to help our clients purchase residential property in accordance with their religious and ethical beliefs. This innovative product set new standards for Islamic banking in the United Kingdom (UK), being the first time a UK based and regulated bank had issued a product specifically to help Muslims purchase a property within the UK.

Al-Manzil Home Purchase Plans differ from a conventional 'interest' mortgage because we are able to provide financial help without our clients having to pay us interest. We can do this by employing two accepted methods of Islamic finance - Murabaha and Ijara - both widely used in the Muslim world and approved by our Shari'ah Board.

By using these traditional Islamic techniques, we have been able to help hundreds of our clients purchase or refinance their properties. Many of these were first time buyers who only felt able to buy a property once an acceptable alternative to an interest mortgage became available. Many of these same clients have used our services to help them sell and buy again and again.

 

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON YOUR HOME PURCHASE PLAN