Friday 29 March 2024
 
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IBB

IIB sells stake in Tunisian car distributor

International Investment Bank (IIB) has exited from its investment in Artes, a listed Tunisian-based automobile distributor, selling it at an attractive price of 7.1 Tunisian dinars ($3.5) per share through block sales on the Tunisian Stock Ex

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Islamic Bank of Britain is now Al Rayan Bank

Islamic Bank of Britain (IBB), the UK’s only wholly Sharia compliant retail bank, announced that formal shareholder approval has been granted to change its name to Al Rayan Bank. The change signifies the beginning of a new c

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British bank IBB to become Al Rayan

Islamic Bank of Britain (IBB), the UK’s only wholly Sharia compliant retail bank, has announced plans to change its name to Al Rayan Bank. Subject to formal shareholder approval, the change will be completed in December, sai

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Islamic Bank of Britain to be rebranded ‘Al Rayan Bank’

Islamic Bank of Britain (IBB), a UK-based wholly sharia compliant retail bank, has planned to change its name to Al Rayan Bank. The change will be completed in December and it follows IBB’s acquisition recently by Masraf Al

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IBB accredits new shariah-compliant pension scheme

Islamic Bank of Britain (IBB) has accredited the ‘Islamic Pension Trust,’ a new fully shariah-compliant auto-enrolment pension scheme.   The scheme was developed by Carey Pensions UK, with guidance fr

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Islamic finance ‘relevant to all faiths’

A majority of non-Muslim UK consumers believe that Islamic finance is relevant to all faiths, said a recent survey. The first national survey by UK-based sharia-compliant retail bank Islamic Bank of Britain pointed out that about

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IBB launches sharia-compliant cash account

Islamic Bank of Britain (IBB), the UK’s only wholly sharia-compliant retail bank, has launched its IBB Notice Cash Individual Saving Account (ISA). The account offers consumers an ethical, tax-free way to save, with an expec

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UK Islamic bank closes Scottish housing deal

Islamic Bank of Britain (IBB), a UK-based sharia compliant retail bank, said it has completed its first finance deal in Scotland for Al-Meezan, a non-profit, non-political organisation based in Glasgow.   The deal for commerc

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