Nomo, the digital bank providing Sharia’a-compliant UK property finance to international clients, has announced the launch of Nomo Academy.
Nomo has created the Academy to provide learning materials, product updates and thought leadership to brokers who support Gulf Cooperation Council (GCC) residents with residential property purchases in England, Wales and Scotland.
This part of the market is estimated by Nomo to be worth around £1 billion every year, although for significant numbers of the mortgage broker community the opportunity has not yet been explored. Nomo has therefore set up the Academy to provide information, learning and guidance to brokers and ensure the application and completion process runs smoothly for their clients.
The Academy provides a learning hub which gives brokers the tools and confidence needed to identify and complete cases. It also includes events and webinars covering key topics such as understanding Sharia’a finance and the UK property purchasing journey.
Layla Hamidian, head of property finance sales and servicing at Nomo, commented: “Since we launched our property finance proposition in 2023, we’ve worked hard to understand what brokers need to support their GCC clients with UK property purchases. We understand the hurdles and barriers they often come up against and have created the Nomo Academy to help make the process smoother and more accessible.
“Brokers will get the practical support and clear insights they need to feel confident working on these cases. This includes understanding how Sharia’a-compliant property finance works and how to prepare stronger applications. They will also benefit from regular, direct access to a broad range of Nomo team members.”
