The Islamic Bank of Britain is a UK commercial bank, established in August 2004 to provide Sharia compliant financial products and services to Muslims living in Britain.
The bank currently has 6 branches across Britain, and although non Muslims can hold accounts with the bank, it is the first UK bank to fully operate to Islamic principles.
The Islamic Bank has four main values: faith, value, convenience and trust. Since the bank began operating, it has had a successful impact in the Islamic Sharia Market, reaching out to 30,814 customers within the first 2 years.
Islamic Bank of Britain is authorised and regulated by the Financial Services Authority and a member of the Financial Services Compensation Scheme, offering protection of up to £85,000 per customer should the bank face financial problems.