Summary
The Islamic Bank of Britain is offering great rates on 18 and 24- month bonds at 4 per cent and 4.5 per cent respectively, by far the best rates in the short-term bond market.
The Islamic Bank offers its rates on a 'target' basis. The rate may fall or rise in line with the bank's profits. The bank cannot pay interest on deposits under Sharia law, instead it invests deposits into ethical businesses and shares the profits with savers at a predicted rate. Capital sums deposited are not at risk, just the theoretical interest.See the full content of this document
Extract
Top Rate From Islamic Bank ; New Product
The accounts...
See the full content of this document
Sponsored links
