Shariah-compliant
No interest involved
FCA regulated
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The halal way to buy your home
Certified Shariah-compliant and interest free. Discover a practical solution for conscientious buyers looking to get on the property ladder.
Certified Shariah-compliant and interest free. Discover a practical solution for conscientious buyers looking to get on the property ladder.
The team is the best part of it all. Starting from the first person I spoke with, they satisfied my concerns about Shariah-compliance and what I was buying into. I can’t fault them in terms of their sincerity and their sheer compassion. You can tell that they really care.
After 16 years of flat sharing and renting around London, Zara was determined to get on the property ladder and enjoy the security of her own home with her young son.
The price was paramount, as was the location, planning - as she was - for her son’s future schooling. But top of the list was buying a home in a way that aligned with her religious beliefs.
"Amanah Advisors are delighted to provide Shariah governance and Shariah advisory support to StrideUp who have brought something unique to the Islamic home financing market in the UK. Amanah Advisors oversees the Shariah-compliance of the product and undertakes Shariah audit to ensure that the Shariah controls are adhered to and that there is sound Shariah quality assurance."
Mufti Faraz Adam - Head of Shariah Advisory
Yes. StrideUp's Home Purchase Plan has been assessed by Mufti Faraz Adam at Amanah Advisors, an independent Shariah Advisory firm. It is their view that the agreements, product mechanism and product concept conform with the principles of Shariah and is Shariah compliant.
StrideUp’s Home Purchase Plan does not involve interest as the money is not lent to customers.
Interest is a result of lending and charging a fee for the loan. Since StrideUp does not loan any money to the customer, there is no interest that is involved.
StrideUp’s product is structured differently to a mortgage; we purchase the property in partnership with our customers with each party owning a share.
The customer then buys our stake in the property over time, paying rent on the portion that they do not yet own.
By gradually buying out StrideUp's share of the property, at the end of the agreement, the customer owns the property outright - without ever paying interest.
First start by submitting a Decision in Principle application via the link at the top of this page.
You don't need to provide any documents for this initial application, but once you're ready to move ahead with advice and a full application, we will need to see some documents to verify your earnings.
You have a good credit history
You have at least a 15% deposit
You’re buying a home to live in yourself
The property is located in England
We’ll always do our best to help you along your homeownership journey. Should our products not match your needs, we can stay connected and keep you posted about new products. Either way our advisers are here to help.
With StrideUp you get a dedicated adviser to help you from initial application right through to picking up the keys to your new home. All of our advisers are CeMAP qualified and they’ll take the time to understand what’s really right for you.
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