Islamic Bank Of Briten
Investment
Our shareholders are currently made up of certain leading Islamic Banks and other institutions from the Middle East, including Qatar International Islamic Bank, as well as individual investors who share our passion to create this bank. These individuals include some of the most senior members of dedicated Islamic Banks and finance companies in the UK, Qatar, Abu Dhabi, Bahrain and Saudi Arabia.
We had £14 million in start-up capital from them, raised from Private Placement. We have increased this amount substantially through an Initial Public Offering in the UK and by another Private Placement in the Middle East, by which we raised between £40-50million – sufficient for our medium term business development objectives.
It is our intention to make our shares available to all interested individuals – we intend to create an inclusive bank that reflects a more inclusive society, and welcome applications for shares from anyone, both Muslim and non-Muslim alike.
The additional capital will enable us to rapidly implement our plans for the expansion of our service, which include a much wider branch network, new customer propositions and the provision of an Internet banking facility.
