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.