Another successful year ends.
Despite the challenging global environment in the international banking system and the steep decline in transaction
volumes and values in the UK property market, by the grace of Almighty Allah (s.w.t) 2008 ends with another year of
triumphs and advancement for the Manzil team.
Our strategy to avoid highly geared facilities at low margins has proved to be correct with AUBUK – Manzil Home Purchase
Plans total book value up by 15% on 2007.
The successful increase in business volumes reflects the success of our strategy and also confirms the ability of the Manzil
Home Purchase Plan team to deliver consistently.
The year saw a continued focus on increasing business levels by proactively marketing our products to our existing UK client
base as well as the ever-increasing Gulf base. Products were also marketed to the independent mortgage market and high net
worth individuals.
This was accompanied by a commitment to provide high levels of service to existing and new clients without exposing the bank
to undue risk in the process.
The strategic focus for 2009 will be to pursue and build on the momentum already achieved and to continue to manage and grow
the existing portfolio pro-actively and professionally.
In addition, we will continue to promote our products to the Middle East and North Africa region and the independent mortgage
advisor market, with an ongoing focus on product development and innovation backed by a strong commitment of providing
transparency and high service quality.
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