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Islamic Bank Of Britain Fixed Rate Bonds Review

Compare IBB Fixed Rate Bonds – read our review and get a detailed breakdown of the terms and rates IBB offer. Make an informed decision and find a Fixed Rate Bond to suit your savings needs.

Islamic Bank of Britain (IBB) offers great fixed rate bonds to customers that currently have a savings account with the bank.

IBB fixed rate bonds let you save money over a fixed period of time with a guaranteed fixed profit. This allows Muslims to invest money without going against Sharia’a principles, while providing better returns than those available in an IBB Savings Account.

IBB only ever invest your money in Sharia'a compliant products and services, so you can be sure that your money is being used ethically.

Islamic Bank of Britain fixed rate bonds require a minimum deposit of £5,000, and can be saved for either 3 or 6 months, with profits calculated and accrued every month and paid at the end of the term.

You can make a deposit into your account either by cash, cheque or transferred from another account.

As Sharia’a principles state that you cannot be offered interest, the bank will make Sharia’a compliant investments on your behalf and share any profits with you. This agreement is known as Mudaraba, and is approved by IBB's Sharia’a Supervisory Committee.

Top 5 Fixed Rate Bonds products

Provider
Account
AER
Interest Paid
Min Bal
Apply
1.90%
Fixed term for 5 years
Monthly/Annually
£1,000
1.85%
Fixed term for 4 years
Monthly/Annually
£1,000
1.35%
Fixed term for 3 years
Monthly/Annually
£1,000

Vanquis Bank 3 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 5 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 4 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme