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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.

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