Islamic Finance Products

IFSB view on Islamic Crowdfunding

Fintech and Islamic Crowdfunding The Islamic Financial Services Board (IFSB) in its annual Islamic financial services industry stability report highlighted developments in the Islamic Finance Fintech space, in particular the Sharī’ah compatibility and application to Islamic finance, financial inclusion and regulatory issues. Many of the Sharīʻah questions raised in the following are not based on c... »

7th August 2020
Islamic Banks Offer Better-Fixed Deposit Returns vs. Conventional Banks

A comparison of fixed deposit rates offered in UK Pounds (GBP Sterling) by UK based Islamic Banks, and Conventional Banks shows the Islamic Banks offering better rates. Al Rayan Bank (formerly known as Islamic Bank of Britain) is offering an industry best profit rate of 1.90% for a one year fixed deposit, whilst the conventional arm of HSBC is offering a lowly 1.00%. Al Rayan Bank and HSBC both en... »

10th May 2015
UK Deputy PM “Rent to Own” Scheme similar to Ijara Transaction

The proposal would give people without a deposit the option of paying monthly instalments towards the cost of a home, without having to raise a deposit. After 30 years of such payments, the buyer would own the home outright. »

4th May 2015
Islamic Finance in Kenya – A look at Barclays Islamic Banking services in Kenya

The La Riba Bank account started in Kenya in 2006 to provide Islamic Finance and Banking services for Kenya’s 8 million Muslims who represent 25% of the population. »

13th March 2015
Bank of London and Middle East

The Bank of London and Middle East (BLME) is an Islamic finance provider based in London which is covered by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme which protects deposits up to £85,000. »

13th March 2015
The Wajaha Private Bank Account from Dubai Islamic Bank

The Wajaha Private Banking account from Dubai Islamic Bank (DIB) offers a comprehensive range of features and benefits for those looking for an Islamic Banking account with Private Banking services. »

21st January 2015