The first of the products is a two-year fix available to those with a 25% deposit at a rate of 5.09%, fixed until 31 December 2015. The second two-year fix is available at 65% LTV at a rate of 4.69%.

An administration fee on £995 applies and both products provide finance of between £30,000 and £500,000 across the UK and £750,000 in central London.

The provider said the loans are available to landlords of any faith.

The products have no early repayment charges for clearing the finance in full.

Imran Pasha, head of sales and service at Islamic Bank of Britain, said: “IBB’s fixed rental rate products are ideal for landlords looking to fix their outgoings over the next two years.

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“The deals have been launched in response to growing demand for sharia compliant finance as the buy-to-let market continues to enjoy a resurgence.”