Direct Savings Account

Our Direct Savings account has been designed to provide you with easy online access as well as a higher rate of profit than our On Demand Savings Account.

Features and Benefits
How to Apply
Profit Rates

Profit paid monthly
Approved by our Sharia Supervisory Committee, you can be sure that your savings earn a halal return
Simple and convenient to operate either online, 24 hours a day, or through the post

Making a deposit

You can make a deposit into your Direct Savings Account:

By making an online transfer from another account or by money transfer (BACS)
By sending a cheque by post to our Head Office at the following address:

Islamic Bank of Britain PLC, PO Box 12461, Birmingham, B16 6AQ

Making a withdrawal

You may make withdrawals from your Direct Savings Account in the following ways:

By making an online transfer from your Direct Savings Account to another account*
By writing to us at our Head Office address,giving us instructions to make a payment to a third party account or requesting a withdrawal (in this case we will send you a cheque in your name for the requested amount)
No cash withdrawals are allowed
You must maintain a minimum balance of £1,000 in accordance with the Terms and Conditions of this account

To find out more about the Profit Sharing Ratio click here

*Maximum limits may apply

To open an account or for more information click here

To apply online for a Direct Savings Account click here

Sharia Approval - Certificate of Endorsement

Our Direct Savings Account has been approved by our Sharia Supervisory Committee.

Certificate of Approval for Direct Savings Account

To apply for our Direct Savings account you can do so as follows:

Online: To apply online for a Direct Savings Account click here

Please ensure you have read and understood the Direct Savings account Special Conditions.

Consumer Banking Terms and Conditions

The following information leaflets should also be read:

Direct Savings account Leaflet

Proof of Identity Leaflet

Personal Banking Booklet

By Post or In branch:

Existing Customers

As an existing customer simply download, print out and complete the application form and associated documentation below:

Direct Savings account application form (Existing customers)

Direct Savings account Special Conditions

R105 Application Form for non ordinarily UK Residents

Existing Customers - Opening an additional account

If you are an existing customer holding either a Savings Account, Direct Savings Account, Term Deposit Account, or another Current Account please download:

Existing Customers - Add new account Application Form

R105 Application Form for non ordinarily UK Residents

Please ensure you have read and understood the Direct Savings account Special Conditions before you sign and return the form to your local branch or post it to us.

What to do Now

Simply post the application form to us:

Islamic Bank of Britain
PO Box 12461
Birmingham
B16 6AQ

Or return it to your local branch: Branch Details

New Customers

To apply for our Direct Savings account simply download, print out and complete the application form and associated documentation below:

Direct Savings account application form (New customers)

Direct Savings account Special Conditions

R105 Application Form for non ordinarily UK Residents

The following information leaflets should also be read:

Direct Savings account Leaflet

Proof of Identity Leaflet