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Islamic Bank of Britain is now Al Rayan BankIslamic Bank of Britain (IBB), the UK’s only wholly Sharia compliant retail bank, announced that formal shareholder approval has been granted to change its name to Al Rayan Bank. The change signifies the beginning of a new c More… |
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Islamic Bank of Britain to widen product rangeIslamic Bank of Britain (IBB), the country's only Sharia-compliant retail lender, plans to broaden its product range to win business both locally and across Europe, aided by the backing of its new Qatari shareholder. IBB is de More… |
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UK Islamic lender wins $124m Qatar fundingIslamic Bank of Britain (IBB), the country's only Sharia-compliant retail lender, has received a £75.8 million ($124 million) injection from its new Qatari owner to support the bank's expansion plans. The investment More… |
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Masraf Al Rayan buys Islamic Bank of BritainMasraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic Bank of Britain (IBB). Al Rayan did not disclose the terms of the purchase. IB More… |
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Masraf agrees UK Islamic lender's cash offer termsMasraf al-Rayan, Qatar's largest sharia-compliant bank by market value, said it has reached an agreement with the Islamic Bank of Britain (IBB) on the terms of a cash offer for IBB's entire capital, the bank said on Sunday. More… |
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Dubai’s IBB extends takeover deadlineIslamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, said a deadline for a Qatari bank to decide on a proposed takeover offer had been extended to January. IBB is majority-owned by Qatar Internatio More… |
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QIIB to buy out Islamic Bank of BritainQatar International Islamic Bank (QIIB) has agreed to acquire full control of the Islamic Bank of Britain (IBB) as part of QIIB's plans to develop an international banking business compliant with Sharia laws. The deal values the Britis More… |
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QIIB eyes $80pc stake in UK bankQatar International Islamic Bank (QIIB) has committed £20 million ($31 million) capital injection to Islamic Bank of Britain (IBB), taking QIIB’s stake in the bank to over 80 per cent. The additional capital will allow IBB to leverage its More… |
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Islamic Bank of Britain eyes ME customersIslamic Bank of Britain (IBB) has announced the launch of its premier banking service and the opening of its premier banking office in Berkeley Square, London aimed at catering to customers from the Middle East. The service has been d More… |
