Friday, February 6, 2009

Paradigm to distribute Sharia-compliant products

Paradigm Mortgage Services has teamed up with the Islamic Bank of Britain (IBB) to be the distributor for its Sharia-compliant products.
Paradigm members will now have access to IBB's complete range of products, which are suitable for both Muslim and non-Muslim customers and cover both personal and business customers. 
Personal products include current and savings accounts, personal finance and IBB's Sharia-compliant mortgage alternative, the Home Purchase Plan. Business products also include current and savings accounts, plus business and commercial property finance options.
Bob Hunt, chief executive of Paradigm, said: "We are delighted to announce this formal link-up between Paradigm and IBB which will provide our members with access to the products IBB currently offers."

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