Bricklane.com enables you to invest in residential property in line with Shariah principles, without the hassles of buy-to-let. Capital at risk.
With Bricklane.com, anyone can invest in portfolios of expertly chosen homes around the UK, and earn returns from rental income and property value changes. Investing through an ISA or pension (SIPP) is the most tax-efficient way to invest in UK residential property, with no tax to pay on property gains or income.
Investments are mortgage-free, and no interest is earned — Bricklane.com’s funds have been certified as compliant by the Shariah Committee of Minarah Consulting, chaired by Sheikh Faizal Manjoo.
Commenting on the accreditation, Islamic scholar Sheikh Faizal Manjoo stated:
“This new product will help in enhancing shariah-based investment portfolios for investors seeking ethical and Shariah-compliant investments. The REITs are linked to the real economy and generate returns from rentals and capital gains which are accepted by the consensus of Muslim jurists”
“Bricklane.com has been the first property investment platform that offers retail investors access to a well-diversified UK residential property portfolio that can be held within one’s ISA or pension. It just so happens to be Shariah compliant too, thereby overcoming a barrier to entry for Muslim investors who are keen to invest ethically and in accordance to the principles of their faith.
It’s so simple. Investors are simply investing in multiple mortgage-free residential properties that are rented out. You don’t have to worry about CGT, income tax, accountancy fees and dealing with bad tenants. Something that is relevant to all of us.”