Islamic Bank of Britain, the only totally Islamic British bank to operate in the UK, officially opened the doors of its second Birmingham branch, and sixth in the UK, on Alum Rock Road on Tuesday 27th September 2005.
The branch, which employs seven people, was officially opened for business by the Lord Mayor of Birmingham, councillor John Hood and Michael Hanlon, managing director of Islamic Bank of Britain.
The Alum Rock Road branch joins the established Small Heath branch, giving Birmingham’s 200,000 Muslims1 even greater 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 Alum Rock Road branch.
“We have ambitious plans for Islamic Bank of Britain and I see Birmingham 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, and Leicester. Following the opening of the Alum Rock Branch, another is planned to open in Manchester later in 2005.