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Wednesday, 22 October 2008

Islamic Bank of Britain to help visitors beat the credit crunch at Global Peace and Unity event

ISLAMIC Bank of Britain is leading the way to help UK Muslim's beat the credit crunch and carry out their financial affairs in a more Sharia'a compliant way.
With old certainties no longer guaranteed, Muslims and non-Muslims are increasingly having to revaluate how they conduct their personal and business finances.
In response, the Islamic Bank of Britain is offering visitors at the Globap Peace Unity even in London the chance to find out more about the various Sharia'a compliant options they have and opening the door for them to look at Islamic Banking in a new light: as both Islamic and ethical.

Visitors to the IBB stand will be able to consider the Islamic options. This includes products such as the recently launched home purchase plan - the 'mortgage alternative', which is highly competitive when compared to other banks which are straining under the credit crunch and understand the ethical choice they will be making by switching to Islamic Banking.
Said commercial director Sultan Choudhury: "We're really looking forward to GPU this year. Islamic Bank of Britain provides 100 per cent Sharia'a compliant products, and as the UK's only stand-alone Islamic
retail bank our position is unique.
"By visiting the IBB stand K01visitors can learn how easily Islamic banking can fit into their lives, and by following the Islamic path they are also following the ethical path."

IBB has a wide range of products including: current accounts, saving accounts including the Direct Savers account which is the UK's only online Sharia'a compliant savings account, treasury deposit accounts, business banking accounts, finance options including commercial property finance, personal finance and home purchase plan.

Islamic Bank of Britain has pioneered Sharia'a-compliant retail banking in the UK and has launched a wide range of products. The bank was also the first to introduce Sharia'a-compliant Business banking to the UK, and now offers a wide range of institutional and business banking products and services, including commercial property finance.
The bank is authorised and regulated by the Financial Services Authority and meets UK banking regulations and strict safeguards for customer deposits. All products offered by the bank are fully approved by the bank's Sharia'a Supervisory Committee.

Sharia'a-compliant banking operates without the use of interest. The products that are offered are structured in a different way to those provided by conventional banks. (Asian News)

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