The intermediary firm will refer domestic Islamic home finance enquiries, as well as handle enquiries from expats in Gulf Cooperation Council (GCC) countries who wish to invest in UK property from overseas.
Maisam Fazal, chief commercial officer at Al Rayan Bank, said the lender was anticipating a “strong level of business” from Alexander Hall this year, noting that its high profile would help to increase awareness of Islamic home finance to mainstream borrowers both in the UK and abroad.
Greg Cunnington (pictured), director of lender relationships and new homes at Alexander Hall, said that it’s important for intermediaries to be able to provide the widest choice of lenders for their clients.
He continued: “Islamic home finance products provide opportunities for those looking to acquire a home that cannot use non-Islamic home finance products. Al Rayan Bank is a leader in this space, being one of the largest providers of Islamic home finance in the UK, and we look forward to growing our already strong relationship.”