Written Question·Treasury·UIN 2132

Mortgages: Islam

Tabled: 29 July 2024
Answered: 5 September 2024

Question

Afzal Khan

LabourManchester Rusholme

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of bringing the tax regulations for Sharia-compliant mortgages in line with conventional mortgages.

Answer

James Murray
The Government is committed to the continued strength of the UK Islamic Finance sector, both as an important part of the UK’s overall financial ecosystem and as an instrument of financial inclusion.The alternative finance tax rules aim to provide a level ...

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