Islamic Bank of Britain launches ‘new banking experience’ (From Bradford Telegraph and Argus)

Islamic Bank of Britain launches ‘new banking experience’

9:40am Thursday 26th January 2012 in Business By Chris Holland, Business Reporter

The Islamic Bank of Britain has launched its first high street outlet in West Yorkshire with a new agency serving the Bradford district.

The move follows the recent appointment of Sohaib Hamid as business development manager for the region. The IBB agency, located within Reeds Rains Estate Agents on Northgate, Dewsbury, is one of six agencies being opened by the bank this year.

It will serve customers across the West Yorkshire region including Bradford, Leeds and Wakefield.

The opening will help IBB to meet a growing local demand for Sharia-compliant retail financial products of which it has the largest range in the UK, including a Sharia-compliant mortgage alternative, home purchase plans, savings accounts, personal and business banking, as well as pensions and investment products, in conjunction with partners.

Sultan Choudhury, IBB managing director, said: “IBB’s Dewsbury agency will provide a new banking experience for the residents of West Yorkshire. IBB is focused on serving the local community with a personal approach and becoming part of community life. Sohaib Hamid is already a familiar face among locals.

“With the Dewsbury IBB agency forming a high street presence for the bank, we have really underlined our commitment to the region.”

IBB has decided to open a network of agencies across the UK to extend its footprint and become more involved in local communities.