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... »

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. »