Certain mortgage loan providers will be providing mortgage finance in accordance with Shari’ah principles.

While it is recognized that Islamic finance has specific features, an institution offering Islamic financial services is generally exposed to the same types of risks as a conventional mortgage loan provider.

In addition to observing the specific requirements set out by the Shari’ah advisory committees given under each mode of financing separately, the requirements laid down in these Regulations should also be complied with while granting mortgage loans under Shari’ah principles.