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Access FS teams up with Nomo to offer Shariah-compliant finance

  • 30/01/2024
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Access FS teams up with Nomo to offer Shariah-compliant finance
Advice firm Access Financial Services has partnered with Nomo Bank to provide Shariah-compliant property finance to its clients.

The firm said Nomo’s products addressed a gap in the market for customers based in the Gulf Cooperation Council (GCC) looking for holiday homes, buy-to-let properties and other residential investment opportunities in the UK. 

The lender’s customers are not required to have a UK credit footprint and can set up an account easily due to Nomo’s technology.  

Nomo launched in February last year as the first digital Shariah-compliant cross-border bank. It is a part of Bank of London and The Middle East, which is a subsidiary of Boubyan Bank. 

Sean Gilchrist, CEO of Nomo, said: “We have partnered with Access FS as they are an exciting, fast-growing UK brokerage that closely aligns with our values. Access FS will help us bring Shariah-compliant financing to more customers, helping them to buy their residential or buy-to-let portfolio.” 

Karl Wilkinson, CEO of Access FS, added: “We love the ethos behind Nomo, and are looking forward to being able to help our customers access Shariah-compliant property finance solutions. Customers will be able to purchase a property in the UK without compromising on their principles.” 

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