Sharia Compliant Banks

Here you’ll find a list of the UK’s Islamic banks and those that comply with Sharia law.

About Ahli United Bank Ahli United Bank is a bank headquartered in Manama, Bahrain. It is the largest bank in the country. Formerly known as the United Bank of Kuwait, what is now...
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About Abu Dhabi Islamic Bank Abu Dhabi Islamic Bank, or ADIB, is an Islamic bank based in the city of Abu Dhabi in the United Arab Emirates. Established in 1997, all ADIB banking operations...
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About Al Rayan Bank Al Rayan Bank PLC, formerly Islamic Bank of Britain, is a commercial bank established in 2004. The bank welcomes people of all faiths but claims to be the first...
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About Bank Mandiri Bank Mandiri, or PT Bank Mandiri, is the largest bank in Indonesia in terms of assets, loans and deposits. It is headquartered in Jakarta. It was founded in 1998...
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About Gatehouse Bank Gatehouse Bank, formerly known as Milestone Savings, is a UK challenger bank based in London. Founded in 2008, the bank is Sharia compliant. The Milestone Capital...
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About Europe Arab Bank Europe Arab Bank is a fully-owned subsidiary of Arab Bank, established in January 2007 and operating in Europe, the Middle East, North America and North Africa. Europe...
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About ABC International Bank Bank ABC (formerly Arab Banking Corporation) is an international bank headquartered in Bahrain in the Persian Gulf. Founded in 1980, it now operates on...
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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...
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About British Arab Commercial Bank British Arab Commercial Bank, or BACB, is an international wholesale bank. Founded in 1972 as UBAF Limited, it became UBAF Bank Limited in 1977 before...
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About Sharia Banks and Banking

Sharia banking is a type of personal account that follows the rules of Islam. There are some complex laws involved, but a few of the major points include:

  • Banks won’t charge interest on borrowed money, and also won’t pay interest on any savings
  • The banks won’t benefit from any industries that are against Islamic teachings, including gambling firms, pornography, tobacco and alcohol
  • The banks won’t invest in anything high-risk or deal with any type of financial product that offers a lot of uncertainty
  • Any profits (and risks) are shared between the consumer and the bank fairly.

These banks are open to anyone – following the same rules as other banks (i.e. you must be 18 years old to open a full bank account). You don’t need to be a practising Muslim in order to open an account with a Sharia-compliant bank. In fact, a lot of non-Muslims like to open accounts with these banks because they’re seen as being more ethical choices. There are other ethical bank options available as well.

Sharia-compliant banks also offer a number of products alongside personal accounts, including ISAs and other savings accounts, investments, and mortgages. All are handled a little differently to the traditional variants of these products, and you can learn more with our guide or by speaking to advisors at these banks. Sharia banks will often employ a supervisory team to ensure they are following the laws of Islam at all times.

Click on each of these banks to learn more about them, and visit their respective websites if you wish to open a compliant account.