eConveyancer unveils Shariah team

The panel will be available nationwide and focus on law firms who understand the requirements of Shariah compliant mortgages.
Vanessa Blount said that the firm would be focusing on the development of other targeted services going forward, with emphasis on ensuring that intermediaries had full access to specialist legal support.

Currently estimates put the number of small and medium sized Muslim businesses in the UK at around 100,000, with more than two and a half million Muslims.

Furthermore, the Islamic Banking Corporation has stated that the UK Islamic mortgage market could be worth more than £1 billion by 2009, with the Financial Services Authority (FSA) putting the annual rate of global growth at between 10-15 per cent.