Islamic Finance
Islamic finance has been developing rapidly in the UK and the government has taken a leading role in its promotion. The primary legislation that governs Islamic finance in the UK is set out in the Finance Act 2005 as amended by the Finance Act 2007.
The Home Purchase Plan (“HPP”) is one of the most popular Islamic finance products available in the UK that is offered to customers by a host of banks and financial institutions. It is designed to help people purchase homes in the UK in a manner compliant with Islamic law and offers an alternative to the conventional interest bearing mortgages in the UK market.
Kuddus Solicitors and Notary Public have acted on the purchases and sales of homes using the HPP since its inception almost 20 years ago and has overseen many thousands of successful transactions over this period.
The firm has unrivalled expertise in the area and is on the solicitor panels of all the financial institutions that offer the product. The firm has worked closely with these financial institutions, their lawyers and other stakeholders for nearly two decades and can therefore offer their clients the benefit of their knowledge and insight in a manner few others can.
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Kuddus Solicitors & Notary Public is a trading name of Kuddus Solicitors London Limited and is registered under SRA Number: 565049
This firm is authorised and regulated by the Solicitors Regulation Authority. Regulated by the Master of the Faculties Office of the Archbishop of Canterbury in relation to Notarial Practice. This firm does not accept service by email and fax.
