Islamic finance.

What is Islamic finance?

The basis for all Islamic finance lies in the principles of the Sharia, or Islamic Law.  As a matter of faith, a Muslim cannot lend money to, or receive money from someone and expect to benefit. To make money from money is forbidden as wealth can only be generated through legitimate trade and investment in assets. Interest is not allowed.

The Islamic Bank of Britain (IBB) is a stand-alone bank, providing finance for Muslims or non-Muslims, which reflect the Sharia principles.

Our partnership with the IBB gives you the ability to offer your clients Islamic finance should they want it.

The benefits of using the IBB include:

• IBB is the UK’s only Islamic retail bank.
• IBB guarantee that they operate entirely without interest, and clients’ funds are only invested in Sharia compliant and ethical investments.
• IBB offer competitive fees and excellent support.
• Proc fees - 0.18% for every successful case.

How do I register with the IBB?

Registering with IBB is quick and easy. Simply complete the Broker Registration form (PDF) and post it to:

Intermediary Sales and Support Manager
Islamic Bank of Britain PLC
Edgbaston House, 
3 Duchess Place, 
Hagley Road
Birmingham, 
B16 8NH.

Upon receipt you’ll receive an e-mail confirming the documents have arrived and you’ve been registered. You’re then ready to submit a case to IBB.

How do I submit a case?

Complete the IBB referral form, which can be found on the IBB website, then follow these steps:

1. Click on the ‘Home purchase plan’ tab.
2. Then click on the ‘How to apply’ tab.
3. Next, click on ‘Click here to submit a referral form’.
4. Complete details on the referral form and ‘Submit’.

Alternatively, you can call 0121 456 7842 and speak to the IBB Intermediary Sales and Support Manager who will be happy to help you.