This petition was submitted during the 2019-2024 parliament
Rejected petition Start shariah compliant mortgages through high street banks.
Many Muslims can’t climb the housing ladder as banks offer interest based mortgages. In Islam paying/receiving interest is forbidden. People have to live with family or rent and find they’re living in poor conditions. Few Islamic banks offer this service but need a large deposit many can’t afford.
More details
If high street banks offered shariah compliant mortgages, more Muslims would look to purchase a property to climb onto the housing ladder. This would solve the issues of people living in crowded or unsatisfactory conditions. Many are paying hundreds of pounds every month to rent. They could instead invest this money in their own home.
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This would be a decision for individual banks to take.
We only reject petitions that don’t meet the petition standards.