"Nomo enables them to access and manage their property financing completely digitally, and this new website will enable brokers to more easily play a part in that journey."
- Zeenat Shaffi, senior business development manager at Nomo
MagiClick has partnered with Sharia-compliant digital bank, Nomo, to launch the bank’s new intermediary website.
The website launch forms the first part of a phased functionality roll-out, as the bank develops its lending proposition via UK intermediaries.
Nomo is part of Bank of London and The Middle East plc (BLME), a subsidiary of Kuwait Islamic bank Boubyan Bank.
Last month, Twenty7tec added Nomo to its SOURCE module, giving brokers and advisers access to its range of Sharia-compliant property finance products.
Zeenat Shaffi, senior business development manager at Nomo, said: “At Nomo we offer residential and buy-to-let finance products to help customers buy or refinance a home in the UK, whilst adhering to Islamic finance principles. We hope our work with MagiClick will help us bring that message to brokers in the UK.
“Our property finance products are available to residents in the UAE, Saudi Arabia, Kuwait, Bahrain and Qatar. Nomo enables them to access and manage their property financing completely digitally, and this new website will enable brokers to more easily play a part in that journey.”
Mark Lusted, CEO of MagiClick UK, added: “MagiClick has helped many new lenders launch to market over the years by delivering digital solutions which are really designed with the broker in mind, so we were excited to have the opportunity support the team at Nomo at this critical time in their journey.
“This initial version of the intermediary site was delivered in record time and is the first stage of our brief with future enhancements planned later in 2024. We look forward to working with Nomo over the coming weeks and months to deliver a superior digital experience for their intermediaries.”
