Looking for a halal mortgage?
Many scholars do not view conventional mortgages as shariah-compliant because they are based on interest, or riba, and structured as debt contracts.
While many people search for a “halal mortgage” or “ Islamic mortgage,” what StrideUp offers is a certified shariah-compliant alternative that avoids riba entirely. It is built on fairness and equity, so your journey to home ownership never compromises your values.
Meet StrideUp’s halal Home Purchase Plan
StrideUp’s Home Purchase Plan (HPP) is our shariah-certified alternative to a mortgage. Instead of lending with interest, we buy the home with you. You pay fair rent on the share you do not yet own, and gradually increase your ownership until the home is fully yours.
Certified by
Mufti Faraz Adam
CEO Amanah Advisors
“Amanah Advisors are delighted to provide shariah governance and shariah advisory support to StrideUp who have brought something unique to the Islamic home financing market in the UK.
Amanah Advisors oversees the shariah-compliance of the product and undertakes shariah audit to ensure that the shariah controls are adhered to and that there is sound shariah quality assurance.”
Equity. Not interest.
How does StrideUp HPP work?
StrideUp’s Home Purchase Plan is built on two Islamic finance principles: diminishing musharakah (partnership) and ijara (lease). Together, they create a halal way to buy your home without interest or debt-based lending.
What’s diminishing musharakah?
A co-ownership model where you and a provider buy a property together, and you gradually purchase their share over time.
StrideUp uses this model to help you buy your home. For more detail, read our guide on diminishing musharakah.
What’s ijarah? Instead of charging interest, the finance provider charges rent on the share of the home you have not yet bought.
StrideUp’s monthly payments follow this model. Read our guide on Ijarah.
Finance that’s rooted in partnership.
Our Home Purchase Plan is built on fairness. Instead of lending with interest, we purchase the property with you and give you the flexibility to increase your share at your own pace.
Your home. Your way.
From day one, you and StrideUp co-own your property. Your deposit will establish your initial equity in the property. Each month you’ll make one fixed payment that will both grow your share and cover rent for StrideUp’s portion of the home.*
Over time, your ownership increases while StrideUp’s share reduces, until the home is fully yours. It is a transparent, step-by-step partnership designed to keep your journey halal and fair.
*Your journey to full ownership depends on keeping up with monthly payments and meeting affordability requirements. As with any financial agreement, your home may be at risk if you do not keep up with payments.
How you can move from deposit to full ownership with us.
Buying a home can feel overwhelming. We keep the process simple, clear and built around you.
You bring a deposit
A minimum 10% deposit could get you started as your equity in the home. From day one, you already own part of your property.
*Subject to status and criteria.
We buy the home with you
We buy the remaining share of the home, creating an ownership structure that removes interest and aligns with shariah principles.
You pay rent on our share
Each month you pay fair rent on the portion you do not yet own.
Your share grows over time
With every payment, your share increases. You can add more within the terms of your plan until the home is fully yours.
Halal home finance. With real benefits to you.
Buying a home comes with lots of questions. We created these tools to offer guidance and estimates to help you plan each stage with confidence.
More highlights At a glance
Explore StrideUp’s home finance rates
We believe managing your finances should be clear and transparent. Enter your property and finance details to explore today’s Home Purchase Plan rates.
What’s the property value?
£
How much is your deposit?
£
Select a fixed term
2 years
5 years
Term length
30 yrs
10 yrs
40 yrs
| Term length | Initial rate | Product fee | Estimated payment |
|---|---|---|---|
| 2 years fixed | 0% | £1,249 | £ 0 monthly for first 24 months |
| 5 years fixed | 0% | £1,249 | £ 0 monthly for first 60 months |
People also ask…
How is StrideUp’s HPP different from a mortgage?
Mortgages are credit agreements built on interest. StrideUp’s halal Home Purchase Plan (HPP) is equity-based, meaning your money is tied to real property ownership, not just a loan balance.
Is the rental rate just interest in disguise?
No. In a mortgage contract, interest is charged on the money that you borrow. In StrideUp’s HPP product, our rental rate is the cost of using the share of the property you do not yet own. It is a transparent rent for real use of the property, not a charge on money lent.
Who certifies that StrideUp’s HPP is halal?
Our product is certified by qualified scholars from Amanah Advisors, led by Mufti Faraz Adam. They also conduct regular audits to ensure ongoing compliance.
Can I apply with family members or friends?
Yes. Up to four applicants can apply together, combining incomes to help you access the right home for your needs.
How long does it take to get approved?
Most people receive their Decision in Principle the same working day. Full applications typically move to offer in just over two weeks, although timescales depend on your circumstances and third-party checks.
Is it haram to buy a house on interest?
Buying a house with interest in Islam is prohibited, as interest (riba) is explicitly forbidden in Islamic teachings. This applies regardless of the purpose of the finance, including homeownership. That’s why many Muslims look for alternatives that allow them to own a home without compromising their beliefs.
Can Muslims borrow money?
Borrowing money in Islam is allowed, and Muslim borrowing money is not forbidden in itself. What matters is how the money is borrowed. Islam prohibits borrowing arrangements that involve riba (interest) or unjust exploitation.
Interest-free loans (qard-ul-hasan), profit-sharing arrangements, or partnership-based structures are all permissible ways of financing, as they are built on fairness, transparency and shared responsibility.
What is the Islamic view on mortgages?
The Islamic view on mortgages is shaped by the prohibition of riba (interest / usury). Traditional mortgages according to many scholars are generally not considered permissible because they are based on interest-bearing loans.
Why is it permissible in Islamic finance to use the Bank of England Base Rate as a benchmark?
In Islamic finance, using a benchmark such as the Bank of England Base Rate is permitted, provided it serves purely as a pricing reference point and does not change the agreement’s underlying shariah structure.