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Islamic Bank of Britain Voted Best New Islamic Bank in Global
Poll
Islamic Bank of Britain, the only totally Islamic bank to
operate in the UK, has been voted ‘Best New Islamic Bank’ in a worldwide poll of
non-banking, finance industry professionals.
The survey, which is the first to canvas the views of professionals working
in this fast growing global Islamic finance market, was carried out by Islamic
Finance News, a leading industry sector on-line newsletter. Votes were
received from a wide range of professionals, including Islamic corporate
issuers, Government bodies and financial intermediaries. To ensure the
results were completely impartial, professionals working directly for Islamic
banks were banned from taking part in the poll.
Islamic Bank of Britain came top of its category, edging out competition from
thirty four other banks, including Emirates Islamic Bank, Arab Islamic Bank and
Abu Dhabi Islamic Bank.
Michael Hanlon, managing director of Islamic Bank of Britain,
says:
“Although we are the only totally Islamic bank to operate in Britain,
there are around 200 Islamic financial institutions throughout the world, making
competition intense. We are delighted that this poll shows Islamic Bank of
Britain to be regarded so highly by its industry peers”.
Ashraf Piranie, Executive Director of the bank added: “This is a testament to
our professional approach and commitment and I believe that it is these
qualities which mean our customers are forming the same high opinion of us.”
Islamic Bank of Britain launched at the end of 2004, marking the first time
that Britain’s 1.8 million Muslims had access to banking facilities from a
British bank wholly operated in accordance with Islamic Sharia’a
principles. Since its launch the Bank has pioneered Islamic retail banking
in the UK, opened branches in London, Birmingham, Leicester and Manchester and
launched a wide range of products, some of which, including unsecured personal
finance and deposit accounts, remain unique in the UK. Internet banking
and home finance are due to be launched in 2006.
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