"Access FS will help us bring Sharia-compliant financing to more customers, helping them to buy their residential or buy-to-let portfolio."
- Sean Gilchrist, CEO of Nomo
Access Financial Services has partnered with Nomo Bank to offer Sharia-compliant property finance for UK residential and buy-to-let property.
Access says the products address a gap in the market for Gulf Cooperation Council (GCC) based customers looking for holiday homes, buy-to-let properties and other residential opportunities.
Nomo’s financing means customers can buy a UK property using a product that does not require them to compromise on their beliefs and borrowers are not required to have a UK credit footprint.
Nomo launched in the UK in February 2023 as the first digital Sharia-compliant cross-border bank. It is a trading name, part of Bank of London and The Middle East plc (BLME), 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 Sharia-compliant financing to more customers, helping them to buy their residential or buy-to-let portfolio.”
Karl Wilkinson, CEO of Access FS, commented: "We love the ethos behind Nomo, and are looking forward to being able to help our customers access Sharia-compliant property finance solutions. Customers will be able to purchase a property in the UK without compromising on their principles.”
