Current account

Our ethical and Sharia compliant current account offers banking without the need for you to compromise your principles.

We use the Islamic principle of qard for our current accounts. A qard is an ethical loan, free of any benefit. In essence, it means that your current account is a loan to the bank, which is used by the bank for investment and other purposes.  It is paid back to you, in full, on demand.

The Islamic Current Account from IBB provides you with the peace of mind of depositing your money in a bank, with the additional reassurance that Islamic Bank of Britain is not investing your money in activities that contravene Sharia principles.

All of Islamic Bank of Britain's products and services are endorsed by our Sharia Supervisory Committee, you can view the Certificate of endorsement for this account by following this link.

Managing your account

Making a deposit

You can make a deposit into your Current Account by:

  • Making an online transfer from another account or by money transfer
  • Cheque at a branch or by post to our Head Office at the following address:

Islamic Bank of Britain plc.,
PO Box 12461,
Birmingham,
B16 6AQ

  • Depositing cash at one of our branches

Making a withdrawal

You may make withdrawals from your Current Account in the following ways by:

  • Making an online transfer from your Current Account to another account
  • Setting up a Standing Order or Direct Debit
  • Withdrawing cash at one or our branches
  • Withdrawing cash via an ATM (charges may apply on non-IBB ATMs)

If you are planning to travel outside of the UK, click here to a list of countries where restrictions may apply to your IBB Debit Card.

Features & benefits

  • Interest-free bank account: receive no interest, pay no interest 
  • Debit card and cheque book (subject to status)
  • Funds deposited will be administered in accordance with Sharia principles
  • International payments
  • Automatic access to your account via our automated telephone banking service 24/7 or online

How to apply

To apply for our Current Account you must be:

  • Over the age of 16; and
  • Pay your salary into your Current Account; or
  • Make an initial deposit of £500 

You can apply for our Current Account in any of the following ways:

By post or at one of our branches

  • Simply download, print out and complete an application form and send it, along with the required proof of identity, to us at:

Islamic Bank of Britain plc.
PO Box 12461
Birmingham
B16 6AQ

  • Or return the application form and your proof of identity to any of our branches

By phone

  • You can call our Customer Services team on 0845 145 1200, Monday to Friday between 9.00am and 7.00pm, and on Saturdays, between 9.00am and 1.00pm.

For your own benefit and protection, you should carefully read the Consumer Banking Terms and Conditions before you complete the application. The application forms and other important documentation can be found in the Forms & leaflets section.

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe website.

Forms & other information

Application forms

Terms and conditions

For your own benefit and protection, you should carefully read the following important document 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 website.

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