Implementing Diminishing Musharaka and Challenges in UK Islamic Banking

This chapter of the podcast discusses the decision to implement the diminishing Musharaka structure in the UK Islamic bank, as well as the challenges faced in explaining the concept to consumers. It also explores the reasons why Islamic mortgages are often more expensive than conventional ones, including the higher cost of funds and the regulatory requirements. The chapter ends with a mention of the healthy profits made by Al-Rayan, the first Islamic bank in the UK.