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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Demand drives growth at IBB

Posted on 18 December 2012

Islamic Bank of Britain plc (IBB), the UK’s only wholly Sharia compliant retail bank, is pleased to report a 63% increase in home financing and a 43% increase in long-term savings deposits for the first three quarters of 2012 (1st January to 1st October 2012).
Growth and demand, has been driven through the launch and development of new savings products, the IBB Home Purchase Plan (HPP, the Sharia compliant mortgage alternative) and Buy to Let Purchase Plans, supported by effective sales and marketing strategies……………………………………….Full Article: Source

 
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