Islamic Law prevents a Muslim from paying interest on a debt or receiving interest on an investment. This has presented many problems which the finance industry has attempted to resolve and indeed bought in new ideas form the Middle East. On such product is the Muslim Mortgage. In simple terms, no mortgage interest is payable. However, the solution is for the lender to buy the property and then over a set period the purchaser pays capital sums to buy the property from the lender over a period of years. At the end of the term, the purchaser then technically buys the property at that point from the lender i.e. they have never actually owned the property until that very last day. Once slight problem is that two purchases of a property mean two payments of stamp duty. With effect 1st December the Government have conceded that only one stamp duty payment will be made.