Our Islamic Savings Accounts have been developed according to the Islamic principle of ‘Mudaraba’.
In accordance with Mudaraba, you, the customer (or Rab-ul-Mal), deposit your funds with us, the financial manager (or Mudarib). We provide the financial expertise required to manage and invest your funds in a way that complies with Shariah principles.
The profit generated from these ethical and Shariah-compliant investments is then distributed among the depositors, which means there is no element of interest – or Riba – involved in the transaction.
Please select the links below for our Product Specific and General Terms and Conditions:
To find out more, Contact us on 0800 218 22 66 or visit your nearest branch.