British mortgage brokerage Access Financial Services (Access FS) has partnered with Nomo Bank to offer customers Sharia compliant property finance for the UK rental and residential market.

London-headquartered Nomo describes itself as the “world’s first” digital Sharia-compliant cross-border bank aimed customers based in the Middle East that are looking to bank globally.

Customers at Nomo, which is part of Bank of London and The Middle East plc (BLME, a subsidiary of Boubyan Bank, are not required to have a UK credit footprint to set up a bank in the UK.

The partnership says that the move addresses a “clear gap in the market” for customers across the Gulf Cooperation Council (GCC) who want holiday homes, buy-to-let properties and other residential opportunities.

According to the companies, there are currently very few options available for GCC based customers in search of property finance in the UK, particularly for those who want to adhere to Sharia law.

“We have partnered with Access FS as they are an exciting, fast-growing UK brokerage that closely aligns with our values," said Sean Gilchrist, chief executive, Nomo. "Access FS will help us bring Sharia-compliant financing to more customers, helping them to buy their residential or buy-to-let portfolio.”

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