NOMO Bank, the Digital Bank of the Bank of London and the Middle East “BLME”, a subsidiary of Boubyan Bank Group, announced the launch of its real estate finance product, which allows all customers in the Middle East to own properties in the United Kingdom in a major step towards employing the digital bank’s services in providing easier, more convenient, and secure real estate finance solutions.
The product is fully compliant with the Noble Islamic Sharia and represents a quantum leap that helped us succeed in overcoming the challenges of striking a balance between Islamic banking and digital innovation to make a difference in the Islamic financial services market whose volume exceeded USD 1.7 trillion in value.
It is no longer difficult to have access to real estate finance; with Nomo, those interested in purchasing a property in the United Kingdom can now open a bank account in the United Kingdom and enjoy a group of solutions and services available in NOMO App, and can then apply for a real estate finance within a few minutes.
NOMO’s customers from the Middle East whether in Kuwait or the U.A.E. can now benefit from this product, which will also be available soon to customers of other GCC countries. This step will surely have a positive effect on the bank’s strategy for offering digital banking services and giving customers the ability to manage their savings easily and conveniently.