UK Islamic Mortgages

Overview

Introduction

The UK Islamic mortgage market has seen impressive growth over the last five years. Yet the UK Islamic mortgage market is still in its infancy and faces many obstacles. How can these be tackled and what challenges lie ahead? Datamonitors UK Islamic Mortgages 2005 provides comprehensive data and analysis in order to answer these vital questions.

Scope

• Quantifies the size of the UK Islamic mortgage market
• Gives insight into the current and future challenges lenders face
• Provides forecasts of the UK Islamic mortgage market up to 2009
• Primary interviews with leading figures in the Islamic mortgage market

Report Highlights

The Islamic mortgage market is now worth ｣164 million. Indeed, its growth has been highly impressive, growing at average annual rate of 68.1 per cent; serving to demonstrate its great potential.

Yet Islamic mortgages command a very small portion in comparison to the total mortgage market. Nevertheless, it has certainly outpaced the total mortgage market since 2000. Islamic mortgages have grown at an average of 68.1 per cent per year since 2000, in comparison to the total mortgage markets average growth of 16.2 per cent.

It was only in 2003 that the Islamic mortgage market began to accelerate. Until then, the Islamic mortgage market had been seriously hampered by Stamp Duty. Now there are five lenders active in the market, including HSBC Amanah Finance and Lloyds TSB.

Reasons to Purchase

• Determine the size of the UK Islamic mortgage market for 2004 and who its main players are
• Understand how the market is structured and how it is changing
• Plan your strategy with confidence using Datamonitors