Qatar International Islamic Bank (QIIB), parent company of Islamic Bank of Britain (IBB), is considering the sale of the UK’s only sharia-compliant retail lender as it struggles to gain scale in the UK market.
IBB confirmed it had received an approach by QIIB, which currently owns a controlling 88.41 percent stake, to take over the remaining shares with a view to a possible sale as it considers the strategic future of the UK bank………………………………………..Full Article: Source