IslamicFinance.de

Malar Velaigam wrote on 25 March in Investors Chronicle about the progess of Islamic banking in UK from an investor's perspective. Only two Islamic finance companies have UK quotations, and neither of them has proved a very attractive investment so far.
 
The first Western Shariah-compliant commercial bank, the Islamic Bank of Britain (IBB). The bank floated in October 2004 at 25p a share, but now trades at half that price having hit a high of 13.7p and a low of 4.75p in the last year. It reported losses in 2005 till 2007. However, deposit basis and account numbers are growing substantially, while IBB customer base only represents 2.3 % of the 1.8 mn Muslim target market in UK yet.