Lord Mayor of Manchester celebrates ‘Pakistan Day’ at Islamic Bank of Britain

Islamic Bank of Britain plc (IBB), (www.islamic-bank.com) last week welcomed the Lord Mayor of Manchester, Councillor Naeem ul Hassan, to its Manchester branch located at 601 Stockport Road, Manchester, M13 0RX.

Councillor Hassan visited the IBB branch as part of celebrations that were taking place in the local area for Pakistan Independence day. He was joined by several, prominent local business people and councillors, including Councillor Afzal Khan, who was Manchester's first Asian Lord Mayor in 2005 - 2006.

Commenting on his visit, Councillor Hassan said, “Islamic Bank of Britain has been operating in Manchester since 2006 and it was interesting to see the unique way they have helped local residents through community-based work and the recognition of peoples’ faith and beliefs.”

Zegum Hussain, Senior Manager at Islamic Bank of Britain Manchester branch added, “IBB was honoured to receive Manchester Lord Mayor, Councillor Naeem ul Hassan, at our Manchester branch today. We are proud of IBB’s contribution to the local area and were delighted to have the opportunity to showcase our achievements.”

As the UK’s only wholly Sharia compliant retail bank IBB is considered a pioneer of British retail Islamic banking. Since its inception in 2004, the Bank has attracted over 50,000 customers and currently provides the largest range of Sharia compliant retail financial products in the UK. These include the Home Purchase Plan (HPP) and Buy to Let Purchase Plan (BTLPP), savings accounts, personal and business banking.

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About Islamic Bank of Britain

Islamic Bank of Britain plc (the Bank, IBB) has pioneered Sharia compliant retail banking in the UK and now offers the largest range of Sharia compliant retail financial products in the UK. These include Sharia compliant mortgage alternatives, the Home Purchase Plan (HPP) and Buy to Let Purchase Plan (BTLPP), current accounts and savings accounts. The Bank was also the first to introduce Sharia compliant business banking to the UK, and now offers a wide range of institutional and business banking products and services, including Commercial Property Finance. Several of the Bank’s products remain unique in the UK retail financial market.

The Bank is authorised and regulated by the Financial Conduct Authority and Prudential Regulation Authority and is a member of Financial Services Compensation Scheme.

Sharia compliant banking operates without the use of interest and is founded on Islamic finance principles derived from trade, entrepreneurship and risk-sharing. IBB has a dedicated Sharia Compliance Officer (SCO) and a panel of respected Sharia Scholars, called the Sharia Supervisory Committee (SSC), which acts as an independent body to ensure that IBB’s products and activities are Sharia compliant.

Whilst IBB offers products and services that are designed in accordance with Sharia principles, it is an inclusive, ethical organisation and welcomes customers of all faiths looking for a bank with a transparent, prudent and community-focused approach.

Notes to editors:

Interviews with Islamic Bank of Britain are available on request.
The bank should only be referred to as “Islamic Bank of Britain”. If abbreviated please use “IBB”.

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Issued by Islamic Bank of Britain Plc, Edgbaston House, 3 Duchess Place, Birmingham B16 8NH

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