Our halal Personal Finance facility is an unsecured cash generating facility that allows you to generate cash for the purpose of purchasing goods or services, whilst remaining true to your faith.

You may apply for a halal Personal Finance facility for a minimum of £5,000 up to a maximum of £25,000 and have a choice of repayment periods.

There are two rates available for Unsecured Personal Finance - one for home owners, 8.9% APR Typical and one for non-home owners 10.9% APR Typical.

We are the first fully Sharia'a compliant bank to offer this facility. Finance is not secured, it is still unsecured, however we are able to offer preferential rates to home owners.

Like all our accounts, this halal Facility has been approved by our Sharia’a Supervisory Committee. The halal Personal Finance facility is based on the Islamic principle of Murabaha. We buy and sell commodities and generate profit from these transactions. We do not charge interest, nor do you pay interest to us. Click here to view the payment tariff.

How do we generate cash for the Personal Finance Facility? 

To see the process for generating cash for the personal finance facility click here.

You can apply if:	You are a UK resident
	You are over 18 years of age
	You are in permanent employment

You are eligible to apply for 1x your gross annual salary up to a limit of £25,000. Subject to status, terms and conditions apply.

To open an account or for more information click here

Sharia'a Approval - Certificate of Endorsement

Our Personal Finance Facility has been approved by our Sharia'a Supervisory Committee.

Certificate of Approval for Personal Finance Facility 

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