Tagged: Islamic Bank of Britain (IBB)

Islamic bank tempts savers with 4pc rate

Islamic bank tempts savers with 4pc rate

The Islamic Bank of Britain offers a two-year fixed account with an expected profit rate of 4pc. People of any faith can take advantage of this table-topping offer. Since the bank’s investments go to Sharia compliant and ethical trading activities, the…

Qatari bank set to buy ailing UK lender IBB

Qatari bank set to buy ailing UK lender IBB

It seems that Qatar’s Masraf Al Rayan is in talks to become the biggest shareholder in Islamic Bank of Britain (IBB).
The bank stated that Masraf Al Rayan will access 70% of the bank and the government of the state of Qatar will have the remaining 30%….

QIIB agrees to buy IBB

QIIB agrees to buy IBB

Qatar International Islamic Bank (QIIB) has agreed to buy full control of the Islamic Bank of Britain (IBB) as part of QIIB’s plans to develop an international banking business compliant with Shariah laws.
QIIB is offering one pence a share, represen…

Praemium to launch UK Sharia portfolio service

Praemium to launch UK Sharia portfolio service

The Islamic Bank of Britain (IBB) has appointed Investment management platform provider Praemium to launch the UK’s only Sharia compliant retail discretionary portfolio service.
IBB stated Praemium’s discretionary portfolio service would give inves…