PARIS: Centrist Emmanuel Macron and far-right leader Marine Le Pen held onto their lead as the frontrunners to narrowly beat other candidates in the first round of the presidential election, a Cevipof poll for Le Monde newspaper showed on Wednesday.
The two would make it to a run-off on May 7, with Macron seen as the likeliest eventual winner in the second round, but both candidates appeared to be losing steam in the last few days of a tightly-fought campaign ahead of the first April 23 ballot, according to the poll, based on a survey of 11,601 people.
Le Pen dropped by 2.5 percentage points to 22.5 percent of voting intentions since early April, and Macron fell 2 percentage points to 23 percent in the first round.
Far-left firebrand Jean-Luc Melenchon, who has surged to the fore in recent weeks, was clipping at their heels at 19 percent, the poll showed, while conservative leader Francois Fillon stood at 19.5 percent.
Le Pen would lose in the second round of voting against all three rival candidates.
Abstention, a key factor adding to uncertainty over the outcome of the first round, was seen coming in at 28 percent, Cevipof said.
That was in line with the record abstention level in the 2002 election, when far-right National Front leader Jean-Marie Le Pen made it to the run-off before he was beaten by conservative Jacques Chirac.
Macron, Le Pen cling on to first round lead in French election race — Le Monde/Cevipof poll
Macron, Le Pen cling on to first round lead in French election race — Le Monde/Cevipof poll
8 in 10 British Muslims face ‘financial faith penalty’ when seeking home finance, survey finds
- Restricted choices plague potential buyers
LONDON: Eight in 10 British Muslims say their home finance choices are restricted because of their faith, according to a new national survey that highlighted what researchers describe as a growing “financial faith penalty” in the UK housing market.
The report, published by Islamic home finance fintech firm Offa, found that 80 percent of Muslim respondents believe their religious beliefs limit their access to suitable home finance, while those who do use Islamic products often face slower decisions, heavier paperwork and poorer customer experiences than in the conventional mortgage market.
Based on surveys of 1,000 British Muslims conducted by Muslim Census, and 2,000 non-Muslims carried out by OnePoll, the research calls on providers, brokers and policymakers to modernize Islamic home finance and improve access to Sharia-compliant products.
Among the 24.3 percent of British Muslims who have used Islamic home finance, just 5 percent said they had received a same-day decision.
Some 62 percent waited up to two weeks, while 33 percent waited more than 15 days, including 16 percent who waited over a month.
Long decision times were cited as the biggest challenge by 28 percent of respondents, followed by excessive paperwork (22.6 percent) and poor customer service (18.9 percent).
Islamic home finance differs from conventional mortgages by avoiding interest and steering investment away from sectors considered harmful to society, including gambling, alcohol, tobacco, arms trading and animal testing.
Sagheer Malik, chief commercial officer and managing director of home finance at Offa, said the findings showed British Muslims were being underserved by outdated systems.
Malik said: “Property is the asset class of choice for many of the UK’s 3.87 million Muslims, both as a route to generational wealth and as a long-term financial foundation, yet our insightful research report reveals that British Muslims are being underserved and deterred by slow, outdated and opaque Islamic home finance provision.
“This is not a niche concern. It goes to the heart of financial fairness and inclusion in modern Britain.”
He added that Muslims deserved Sharia-compliant products that matched mainstream standards on “price, speed and simplicity.”
Despite strong demand, uptake remains low.
Only 12.8 percent of British Muslims surveyed said they currently use Islamic home finance, with a further 11.5 percent having done so in the past. More than three quarters (75.7 percent) have never used it.
Faith plays a central role in financial decisions, with 94.2 percent saying it is important that their financial products align with their ethical or religious beliefs. Yet more than half of those using conventional mortgages said they felt unhappy or uneasy about doing so because of their faith.
The study also found that British Muslims share similar home ownership aspirations to the wider population, with 79.1 percent citing the desire to provide a stable home for their family, while 18.6 percent said building generational wealth was their main motivation. Only 2.2 percent said they did not want to own a home.
The report suggests Islamic finance could appeal beyond Muslim communities. While 64 percent of non-Muslim respondents had never heard of Islamic home finance, 63 percent said they favored its ethical principles once explained.
Younger generations were the most receptive, with 43 percent of Generation Z and 37 percent of millennials saying they would consider using Islamic home finance, compared with just 7 percent of baby boomers. More than three quarters of Gen Z and 72 percent of millennials also said it was important that their finance provider avoided investing in ethically harmful sectors.
Offa said the findings pointed to an opportunity to expand ethical finance in the UK, provided the industry can deliver faster, simpler and more transparent services.
