Islamic Bank to boost understanding of Sharia-compliant savings

IBB is holding the event following its launch of the UK’s only Sharia compliant Notice Cash Individual Savings Account, with an expected profit rate of 1.8% (per annum).

IBB will host the event on Thursday 20th March 2014 at Islamic Bank of Britain, 97-99 Whitechapel Road, London, E1 1DT, from 6.30 pm – 8.00 pm.

The evening will consist of a brief presentation about how customers can maximise the returns from their savings in a tax-efficient and Sharia compliant way.  This will be followed by an informal Q&A and discussion session, and will cover IBB’s future plans since becoming part of the Masraf Al Rayan Q.S.C. (MAR) group, Qatar’s largest Sharia compliant bank.

Commenting on the event, Abul Fozoll, Manager at IBB Whitechapel branch says:

“Until now, British Muslims have been unable to save in a way that is both tax efficient and Sharia compliant.  IBB is proud to have launched the UK’s first Sharia compliant Notice Cash ISA and the forthcoming event will explain why the product is a must-have for anyone looking to maximise the return on their savings.  With ISA season upon us I am expecting that the local community will be keen to learn more and that the IBB information evening will be very well attended.”