The Islamic Bank of Britain was established by investors from the Middle East in September 2004. Their idea was to exploit the growing market for financial services in the UK which were compliant with the Sharia Law. They were the first bank to be approved by the Financial Services Authority while operating in a manner that completely complies to Islamic principles. The organisation however, is accessible to both Muslim and non Muslim clients and currently have 7 branches in the UK, offering services to over 50,000 customers nationwide.
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