[entwisi]

there has been a lot of changes in banking e.g. mortgages, no interest is payaable so what happens is that the bank buys a property for teh agreed value, adds on all the interest that would be payable and then resells the house to the muslim buyer on an 'interest free' deal. The goverment had to make changes recently to the stamp duty procedure as it would normally attract the duty twice (once when the bank bought it the second when they resold it), now these deals are covered under an ammendment so that it is only charged once