Our On Demand Savings Account is operated under Mudaraba principles.

Our On Demand Savings Account is available through our branch network, postal banking,telephone banking and through our new online banking service.

If you would like more information please ring our Customer Services Centre on 0845 6060 786 or click here to register your interest.

Features and Benefits

• No penalties and no notice required to make a withdrawal from your savings.
   
• No limit to the number of withdrawals you can make in any month – subject to there being sufficient funds in your account.
   
• Profits are calculated and paid on the last working day of every month, based on the daily closing balance you maintained in your account for that month.

  To find out more about the Profit Sharing Ratio click here

• Deposits may be made by cash at our branches, by cheque or by direct account transfer.
     
• Your money is invested ethically. We invest only in Sharia'a compliant goods and services and, for example, do not invest in alcohol or tobacco companies..
   
• Automatic access to your account via our automated telephone banking service 24/7 or online.

New Account Opening Criteria

To be eligible to open a On Demand Savings Account with us please ensure you can answer "yes" to at least one of the following:

• Set up a Standing Order from another account to us for a minimum of £50 a month.
   
• Make an initial deposit of £500.

To open an account or for more information click here

Profit rates
While our investment methods are strictly in keeping with Sharia’a, we make every effort to ensure that the profit rates paid on all our Savings Accounts are market-competitive.

To find out more about the Profit Sharing Ratio click here

All our Savings Accounts statements are quarterly.

Sharia'a Approval - Certificate of Endorsement

Our savings and Term Deposit Accounts have been approved by our Sharia'a Supervisory Committee.

Certificate of Approval for Savings and Term Deposit accounts