Notice Cash ISA

The UK's first Sharia compliant cash ISA. Give 120 days' notice to access your money and earn profits tax free.

2.00%*Expected profit rate

Al Rayan Bank’s Notice Cash ISA pays a higher rate of profit than our Instant Access Cash ISA. However, you do need to give us 120 days’ notice before you can withdraw your money, unless you ask to transfer your ISA balance to another ISA provider. In this case no notice is required, though you will experience a loss of profit.

If you would like an ISA that allows you instant access to your money, you might like to consider our Instant Access Cash ISA.

There is a limit to the amount that you can pay into a cash ISA in any one tax year, and you can only open one new cash ISA in any one tax year.

You can operate this account online, via the post or through our branches.

Notice accounts are operated under the Islamic finance principle of Wakala which is an agency agreement for investment, where we work as your agent to achieve an expected (or target) profit rate.

* Terms and conditions apply

Features and benefits

Features and benefits

  • Minimum opening balance of £250
  • Sharia compliant return on your savings
  • Earn an attractive expected rate of profit
  • Profits are not subject to UK tax
  • Married couples can combine their ISA allowance across two accounts
  • Pay money into your account online*, by telephone*, by post** or at a branch
  • Transfer existing ISA balances into your Al Rayan Bank Notice Cash ISA
  • Flexibility to make additional deposits with no minimum amount, up to your annual cash ISA allowance.
  • Give 120 days’ notice to access your money online, in a branch or through the post

*You will need to register before you use our online banking and / or telephone banking services. To register or to find out more, please click here.

**Cheques only

How to apply

To apply for our Notice Cash ISA you must be:

  • A personal customer over the age of 16
  • A resident of the UK
  • Able to make the minimum deposit required for the account

You can apply for our Notice Cash ISA in any of the following ways:

Online

  • To apply online for a Notice Cash ISA click here
  • If you are an existing customer, please apply through online banking

By phone

  • You can call our Customer Services team on 0800 408 3088, Monday to Friday between 9.00am and 7.00 pm, and on Saturdays between 9.00 am and 1.00pm.

By post or at one of our branches

  • You can download, print and complete an application form, and send it along with the required proof of identity and address to:

Al Rayan Bank PLC 
PO Box 12461
Birmingham
B16 6AQ

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe websiteAl Rayan Bank is not responsible for the content of external websites.

Forms and leaflets

Application forms

Terms and conditions

For your own benefit and protection, you should carefully read the following important leaflets before you complete the application:

Further information

The following information leaflets should also be read: 

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe websiteAl Rayan Bank is not responsible for the content of external websites.

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