British Muslims are now able to acquire a buy-to-let mortgage tailored especially to their religious beliefs.
The product, devised by Bristol & West, part of the Bank of Ireland group, is created to comply with Islamic Law.
It has been designed to follow the law, which prohibits the payment or receipt of interest and follows increased activity across the buy-to-let market.
In addition, Islamic law forbids followers from gaining or investing in companies who trade, manufacture or benefit from alcohol, pork-based products, tobacco, gambling, armaments and human or animal genetic experimentation.
"Until recently Britain's Muslims have not had a real choice in how they invest their money in keeping with their faith," remarked Alison Pallett, head of consumer lending at Bristol & West.
"We have found that our Muslim customers have a particular interest in owning property and by offering a buy to let product which complies with Islamic law, we'll be opening up many more possibilities for them."
It is predicted that many other such tailored products will be developed by lenders, in an attempt to capture a particular sector of the market.
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