This facility allows you to generate cash for the purchasing of goods or services without the need to provide any security.

This facility is operated using Murabaha principles, allowing you to generate the required cash for your activities from trading in a commodity.

Key Features

• Available to Sole Traders, Partnerships, Charities, Masjids or Madrasahs*.(Please note Unsecured Business Finance is not available for Limited Companies, Limited Liability Partnerships or Public Limited Companies)

• This finance facility is available from £1,000 to £20,000

• Selectable repayment periods

• This account has been approved by our Sharia’a Supervisory Committee

• All commodity transactions take place in accordance with Sharia’a.

* a guarantor may be required.

Secured Business Finance

Available to all businesses, including:

• Sole Traders, Partnerships (including LLPs) Companies,(Limited Companies and Public Limited Companies), Charities, Masjids, or Madrasahs 

• Secured Business Finance is available from a minimum of £5,000 up to a maximum of £100,000. If you require over £100,000 please contact one of our branches or our call centre on 0845 6060 786 to discuss other financing options that we can offer. 

• Selectable repayment periods

• All commodity transactions take place in accordance with Sharia’a. We transact only in Sharia’a compliant commodities e.g. metals.

If you wish to arrange Secured Business Finance with us, we will require security, such as a mortgage in the form of a first or second legal charge over your business premises or a second legal charge over residential property, or a secured guarantee from a third party (such as a shareholder, director or partner depending on the type of your business and / or your particular circumstances).

Please Note:  *Business Finance is subject to status.

• You will need to open or already have a Business Current Account.

• The business finance facility is only available to UK residents aged 18 or over.

• The secured property must be in the UK.

Ways to request more information on either finance facility or to apply:

Islamic Bank of Britain plc, Edgbaston House, 3 Duchess place, Hagley Road, Birmingham, B16 8NH 

Principles of Murabaha

The Business Finance facility uses the principle of Murabaha, with deferred payment and can be used in a contract which allows a customer to purchase goods and pay later without taking out a loan, on which they would be paying interest.

The customer can pay for the goods immediately, but normally the payment for the goods is deferred or paid in instalments. The financier is receiving a profit through its mark-up on the deferred sale.

Sharia'a Approval - Certificate of Endorsement

Our Unsecured Business Finance and Secured Business Finance has been approved by our Sharia'a Supervisory Committee.