HSBC will no longer offer Islamic mortgages, loans and bank accounts following a review of its business.
The Times reported that the bank will withdraw its Sharia compliant deals for personal customers in the UK , Bahrain , Bangladesh and the United Arab Emirates .
HSBC began offering Sharia compliant mortgages in 2003 and was the first nationwide high street bank to do so.
"Sharia mortgages are a very small business line for us in the UK ," said a spokesman. "This is part of a strategic review of all our businesses."
Find the best mortgage rate - Compare best selling mortgages
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.