The Islamic Bank of Britain plc (LSE: IBB) is a commercial bank in the United Kingdom, established in August 2004 to offer Sharia compliant financial service products to British Muslims. The bank has 8 branches in London, Birmingham, Manchester and Leicester. It is the first British bank to offer services aimed specifically at Muslims

History
Unlike conventional banking, the Islamic Bank of Britain uses an alternative business model. It is based on Islamic Banking and since Islamic law does not allow the charging of interest, there comes increasing controversy for Muslims to hold bank accounts or mortgages with conventional UK banks. Hence, the Islamic Bank of Britain was created with this mindset.
Although in recent years, this has begun to change; with many UK banks seeing the potential to offer specifically tailored services for Muslim customers. However, The Islamic Bank of Britain is the first UK bank in its single corporate entity to offer an entirely Sharia'a compliant banking, unlike the larger banking conglomerates such as HSBC which offers Sharia'a compliancy, but also utilises a different business model for its conventional banking system.