AlRayan Bank UK Premier Home Finance

AlRayan's bespoke home finance for Premier Banking clients - primarily high-net-worth UK and GCC-based buyers of residential property in England and Wales. Structured as Commodity Murabaha (Tawarruq) with a negotiable rental rate and negotiable finance-to-value, an admin fee typically 1% to 1.5%, standard monthly payments or a profit-only option with the finance amount payable at term end, voluntary additional payments from 2,000 GBP, no early settlement fees, and refinancing from conventional mortgages or other Islamic providers without stamp duty. Eligible properties: freehold residential in England and Wales, or leasehold with at least 80 years remaining plus the finance term. This replaced AlRayan's retail Home Purchase Plan range, which is closed to new customers.

Premier Home Finance is what remains of AlRayan's once market-defining home finance business after the 2022 pivot: a bespoke, negotiated product for wealthy clients, built on Tawarruq rather than the diminishing Musharaka the bank pioneered. For its target client - a Gulf-based buyer of a London townhouse who values the Qatari parentage and a single relationship manager - it works, and no early settlement fees plus a profit-only option are genuinely flexible. But mass-market borrowers should look at Gatehouse, whose published HPP rates, 95% FTV options and product-fee transparency now define the UK retail Islamic mortgage space.