Bank of London and The Middle East

Bank of London and The Middle East

Bank of London and the Middle East, or BLME, is an independent Sharia-compliant bank founded in 2006 and authorised by the Financial Services Authority the following year. It is the largest Islamic bank in Europe and offers wealth management, corporate banking and treasury services. The bank is headquartered in London.

Reviews Rating
60%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
52%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
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Overview

First Glance

Bank of London and the Middle East, or BLME, is an independent Sharia-compliant bank founded in 2006 and authorised by the Financial Services Authority the following year. It is the largest Islamic bank in Europe and offers wealth management, corporate banking and treasury services. The bank is headquartered in London.

Features

Contact Info

Bank Website
Address
78 Cannon St, London EC4R 2BB, UK
Phone
020 7618 0000

About BLME

Bank of London and the Middle East, or BLME, is an independent Sharia-compliant bank founded in 2006 and authorised by the Financial Services Authority the following year. It is the largest Islamic bank in Europe and offers wealth management, corporate banking and treasury services. The bank is headquartered in London.

Bank of London and the Middle East Products and Services

BLME offers a range of specialist wealth management services for high net worth clients including real estate investment and specialist financing for big-ticket purchases such as yachts or aircraft. These clients also have access to in-house BLME experts in deposit products, residential mortgages, banking services, leasing, a concierge service and more.

BLME also works in corporate financing, with particular support for companies linked to the Gulf Cooperation Council area with a minimum operating profit of £1 million. These businesses can come from a number of sectors including transport, property, energy and health. Corporate banking is split into two main divisions; leasing solutions and trade finance. The Treasury division is also on hand, to provide foreign exchange and deposits.

All services offered by the Bank of London and the Middle East are compliant with Sharia finance laws. Interest is forbidden, so your account will never earn interest, nor will you pay interest on it. Sharia compliance also means that the bank will not invest your money in any activity Islam considers against the public interest, such as alcohol, pornography, gambling or the arms trade.

Security at Bank of London and the Middle East

Bank of London and the Middle East is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The bank’s security, data and privacy policies are freely available on their website.

Bank of London and the Middle East Contact Details

Cannon Place
78 Cannon Street
London
EC4N 6HL

Telephone: 020 7618 0000

Email: [email protected]

Bank of London and the Middle East
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Why do they not ask you to provide evidence of a utility bill etc to confirm your address when applying to open an account which all other banks seem to do? — Trevor Dickson

Bank of London and The Middle East Reviews

Richard Walker
April 20, 2020

“Yes there are details of BLME, but no more than I can see on their website! Although you also show a rating, I can't see any information to support it”

Yes there are details of BLME, but no more than I can see on their website! Although you also show a rating, I can't see any information to support it.

5 persons found this helpful