Asalamoalaikum everyone,
Please could someone clarify whether Islamic mortgage providers are FCA regulated? I have heard that they are not, should this be concerning as a potential buy-to-let customer?
Jzk Khair in advance
Wa alaykum salaam,
Islamic banks are dual-regulated by the FCA concerning how they conduct business and by the PRA for prudential requirements (such as capital and liquidity).
When it comes to other providers, it is best to check with them directly.
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