GLOBAL: UK-based Shariah compliant cross border bank Nomo launched special purpose vehicles (SPVs) to support its GCC clients investing in UK buy-to-let properties – following feedback from its outlets in Bahrain, Saudi Arabia, Kuwait, Qatar and UAE. This SPV facility is said to provide benefits for estate planning and can be more tax efficient – to help address some of the barriers these GCC clients might face around purchasing a UK property.
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