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Press Releases |
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Islamic Bank of Britain opens Southall branch
Islamic Bank of
Britain, the only totally Islamic British bank to operate in the UK, officially
opened the doors of its fourth branch in the UK on South Road in Southall on
Tuesday 14th June 2005.
The branch, which employs seven people, was
officially opened for business by the Mayor of the London Borough of Ealing,
Councillor Michael Elliot and Michael Hanlon, managing director of Islamic Bank
of Britain.
The branch marks the first time that Ealing’s 31,000 Muslims1
will have access to banking facilities from a British bank which is wholly
operated in accordance with Sharia’a principles.
Michael Hanlon,
managing director, comments: “I am delighted we are now able to offer people in
the area the opportunity to use our products and services with the opening of
our Southall branch.
“We have ambitious plans for Islamic Bank of
Britain and I see Southall playing an important role in our development and
success.”
Islamic Bank of Britain offers its customers current accounts,
savings accounts, a personal finance facility, foreign currency and business
banking services. Mortgages will become available later in the
year.
Islamic Bank of Britain has existing branches in London, Birmingham
and Leicester. Following the opening of the Southall Branch, a further three are
planned for 2005.
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