Bank of London and The Middle East (BLME)

Market-leading Sharia #savings #accounts: should you consider them?

A number of Sharia savings products are beating competitors and are playing their part in kick-starting small rate increases. Currently in the fixed bond market, Sharia savings accounts top every single category. As well as top returns, they also appeal to the more ethical saver or investor as the money is invested, not lent out. According to James Blower, managing director of Savings Guru, Sharia-compliant savings have developed their niche very well and will grow in popularity. He says there are three reasons why Al Rayan is one of the most successful Islamic banks in the UK. It has a low minimum entry level, wide range of options for customers to deal with it and it rebranded from Islamic Bank of Britain to Al Rayan Bank. An interesting point to note is that 86% of Al Rayan customers are non-Muslim. In the UK Al Rayan, BLME and Milestone are all regulated by the Financial Conduct Authority (FCA) and are members of the Financial Services Compensation Scheme (FSCS) which protects deposits of up to £85,000.

Crescent Wealth signs partnership deal with BLME

A partnership deal between Australian Islamic wealth manager Crescent Wealth and Bank of London and The Middle East (BLME) was signed. The deal enables Australian retail investors to participate in the Islamic bonds market. The global market for Sukuk is estimated at $150bn. The partnership with BLME marks Australia as a viable growth market for Islamic funds management.

Read more on: http://www.investmenteurope.net/investment-europe/news/2215997/crescent-...

BLME Celebrates 5 Years of Trust, Integrity and Ethical Banking

In July 2007 Bank of London and The Middle East ("BLME") celebrated its fifth anniversary of receiving FSA authorisation. Throughout these years BLME has successfully constituted and developed its business platform, providing various wholesale banking and wealth management services. Humphrey Percy, CEO of BLME, said that despite the challenges in the global economical turmoil, BLME had achieved key successes in the growth of their Wealth Management business and Corporate Banking divisions. BLME’s success is due to reliance upon traditional banking values of trust, fairness and integrity. Thus it provides clients with ethical corporate banking, treasury and wealth management services across Europe and the GCC.

BLME launches Sharia High-Yield Fund for Gulf investors

Bank of London and the Middle East (BLME) will launch the BLME High Yield Fund. The BLME High Yield Fund is a Sharia compliant fund which targets institutional and high net worth investors in Gulf countries seeking to generate higher returns than those targeted by BLME's US Dollar Income Fund.
By inventing up to 85% in sukuk and 15% in Ijara, BLME High Yield Fund targets a net return of three-month US dollar Libor in addition to a 5% return per annum.

BLME launches first Sharia'a compliant UK light industrial building fund for Gulf investors

Bank of London and The Middle East (BLME) stated that that they will launch a Light Industrial Building Fund (LIBF). This fund is a Sharia'a compliant UK real estate fund which invests in sustainable property assets.
The five core areas that set the foundations for BLME's competitive offering are Private Banking, Asset Management, Corporate Advisory, Corporate Banking and Markets Division.

BLME to start Bahrain operations

Bank of London and The Middle East (BLME) has received a licence from the Central Bank of Bahrain (CBB) to open its regional office in the Kingdom.
LME provides a wide range of services and advice to businesses and individuals, with a strong focus on Europe, the Mena region, as well as the US.
The opening of the Bahrain office, BLME’s first overseas office in the Gulf region, reinforces its ambition to provide a bridge between the UK and the GCC to offer a range of investment opportunities to the global investment community.

Syndicate content