Nomo Bank launches digital offering for UK property buyers from the Middle East

Nomo Bank launches digital offering for UK property buyers from the Middle East

- Backed by Boubyan Bank, Nomo is the Middle East’s first digital Sharia-compliant cross-border bank transforming how people from the region access their money and grow their portfolio internationally

LONDON/DUBAI: Nomo, the world’s first fully-digital Sharia-compliant cross-border bank, has announced the launch of Nomo Property Finance, its mortgage alternative for clients in the Middle East wishing to buy property in the UK. Operating under a Murabaha structure and in line with Islamic banking principles, Nomo Property Finance will initially be available for customers in Kuwait and the UAE, followed by a roll-out to other GCC countries in the near future.

The United Kingdom remains a preferred destination for Middle Eastern investors looking to own an international property. With UK property prices continuing to become more affordable, Nomo customers can now explore investment opportunities in one of the world’s most attractive property markets. By combining Sharia compliance with innovative technology, Nomo will continue to disrupt the $1.7 trillion global Islamic banking sector.

“At Bank of London and The Middle East, we are committed to delivering financial solutions aligned with Sharia principles, while embedding industry-leading innovation across our services. As Nomo Bank, a BLME subsidiary, launches its property finance solutions, we are excited to give