Who offers Islamic bank accounts?

In the UK, you can open an Islamic bank account with providers such as BLME, Al Rayan Bank, UBL and Gatehouse Bank.

Is Islamic banking the same as Sharia banking?

Yes, they mean the same thing. Sharia law is the religious law of Islam.

Why is the profit rate expected?

Islamic savings accounts offer an expected profit rate, as it's the profit the bank "expects" to receive from its investments. There is no guarantee this profit rate will be met and your bank could adjust it at any time. However, it's unlikely that you'll experience a loss of profit from an Islamic savings account in the UK.

Current accounts

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