UK
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Islamic home-buyers in the UK are set to have more options as the Islamic mortgage market becomes more competitive with Gatehouse Bank announcing new home purchase financing plans on the heels of a record GBP100 million (US$130.53 million) in lending completed last year. To support its growth plans, Gatehouse also announced expansion of its underwriting…
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Islamic financial technology (fintech) companies are aiming to disrupt traditional Islamic banks. Like conventional fintechs, Islamic fintechs face similar challenges dealing with regulatory challenges, hiring and retaining talent, raising funds from investors, acquiring customers and expanding into other regions. At the Innovate Finance Global Summit held in London last month, Islamic fintech was key topic…
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As we come to the end of the year, the UK government continues to follow through on its desire to support the growth and development of Islamic finance in the country demonstrated by its support of the IFN Islamic forum in London in September. Lord Sheikh, Baron of Cornhill co-chaired by Baroness Uddin, led the…