• Alukah English HomepageSitemapRSS
  • Alukah English Homepage
  • Alukah Guestbook
  • Terms & Conditions
  • Make us your Homepage
  • Contact Us
Alukah in Arabic
Alukah is a rich, cultural website supervised by Dr. Khaled El-Jeraissy and Dr. Saad El-Hmed
 
Website of Dr. Sadd Bin Abdullah El-Hmed  Supervised By 
  • Homepage
  • Islamic Shariah
  • Thoughts and Knowledge
  • Society and Reform
  • Counsels
  • Muslims around the World
  • Library
 All Sections | News   Reportage   Articles   Special Coverage  
  •  
    Safi Kaskas and Abdalrahman Aboelmajd discuss The Qur’an, A ...
    Abdur-Rahman Abul-Majd
  •  
    Samira Amarir and Abdalrahman Abulmajd about Jenna the ...
    Abdur-Rahman Abul-Majd
  •  
    Marek Dziekan and Abdalrahman Abulmajd about Qur'anic ...
    Abdur-Rahman Abul-Majd
  •  
    Lisa Suhay and Abdalrahman Abou Almajd around Mrs. Lisa's ...
    Abdur-Rahman Abul-Majd
  •  
    Peter Bussey and AbdurRahman Abou Almajd Modern Physics ...
    Abdur-Rahman Abul-Majd
  •  
    Rebecca Ruth Gould and Abdalrahman Abou Almajd about ...
    Abdur-Rahman Abul-Majd
  •  
    Sheeza Ali and Abdalrahman Abulmajd discuss God is not a ...
    Abdur-Rahman Abul-Majd
  •  
    This is what it’s like to do Ramadan fasting in the ...
    Independent
  •  
    Ramadan also about Quran’s True Message
    The Star
  •  
    Muslims free to observe Fasting in China
    The News
  •  
    Gambia bans music, dance during Ramadan
    punchng
  •  
    Jerry Bergman and Abdalrahman Abulmajd discuss Darwinism as ...
    Abdur-Rahman Abul-Majd
Home / Muslims Around the World / News

Islamic Bank of Britain launches Sharia Awareness Event

thebusiness

Published On: 26/4/2014 A.D. - 25/6/1435 H.   Visited: 5151 times     



Print Friendly Version Send to your friend Visitors CommentsPost a CommentFollow Comments



Full Text Increase Font SizeReset Font SizeDecrease Font Size
Share it



BIRMINGHAM-based Islamic Bank of Britain has launched a new programme to try and broaden the understanding of Sharia banking.

The IBB, the UK’s only wholly Sharia compliant retail bank, is staging an event at its base in Coventry Road, Small Heath, where it will aim to shed light on its alternative savings model.

The event will feature a presentation on the bank’s various savings plans followed by an informal Q&A and discussion session, covering IBB’s future plans since becoming part of the Masraf Al Rayan group, Qatar’s largest Sharia compliant bank.

Umar Farooq Ali, manager at IBB Birmingham, said: “Until now, British Muslims have been unable to save in a way that is both tax efficient and Sharia compliant.  IBB is proud to have launched the UK’s first Sharia compliant Notice Cash ISA and the forthcoming event will explain why the product is a must-have for anyone looking to maximise the return on their savings. 

“With ISA season upon us I am expecting that the local community will be keen to learn more and that the IBB information evening will be very well attended.” 

As an Islamic Bank, IBB does not pay interest to its savers.  Instead, this rate is offered as an 'expected profit rate', because the bank invests the depositors’ funds into Sharia compliant and ethical trading activities.  As part of the agreement between the customer and the bank, IBB monitors the target profit rate on a daily basis to ensure that it is achievable and will be able to provide the return offered to the customer. 



Print Friendly Version Send to your friend Visitors CommentsPost a CommentFollow Comments



Selected From Alukah.net

  • Sharia-Compliant Savings and Bank Accounts Rocket in Popularity across Britain(Article - Muslims Around the World)
  • Bahrain’s Al Salam Bank launches Asian Islamic REIT(Article - Muslims Around the World)
  • Islamic Bank of Britain Gets Fresh Capital, Plans Expansion(Article - Muslims Around the World)
  • ICNA launches Islam awareness campaign in FL(Article - Muslims Around the World)
  • Abu Dhabi Islamic Bank Hires Ethica for Islamic Finance Training(Article - Muslims Around the World)
  • Britain debates Sharia courts(Article - Muslims Around the World)
  • Indian Islamic Body to host ‘National Solidarity’ Event(Article - Muslims Around the World)
  • Students In Pennsylvania, US To Host Islamic Awareness Week Events(Article - Muslims Around the World)
  • Islamic Sharia Law Effectively Enshrined In UK Legal System with New Will Guidance(Article - Muslims Around the World)
  • Sohar Islamic Launches Internet Banking(Article - Muslims Around the World)

 


Add your comment:
Name  
Email (Will not be shown to visitors)
Country
Comment Title
Comment

Please write: COMMENT in this box to verify that you are human

Enter the above code here:
Can't read? Try different words.
Our Authors
  • Those who disobey God and follow their sinful lusts..
  • One can attain real happiness
  • Islam clearly reveals to us more details about the one true ...
  • Allah the one true God is Creator, not created
  • Allah is only one, he has no children, partners or equals
  • Allah is eternal, he does not die or change
  • Islam leads to ultimate truth and success
  • Try to find out the truth abut Islam
Participate
Contribute
Spread the word
Tell a friend
All Rights Reserved © 1444H / 2023 to Alukah.Net
Site was last updated on : 6/7/1444H - at: 14:26