Institute for Islamic Banking and Finance

Statistical data about Muslims in UK

• Some statistical data on Muslims in the UK
  
  • 1,8 million Muslims in 350.000 households, over 50% Pakistani/Bangladeshi
  • Saving capacities according to FSA ca. 1.5 million €
  • Strong dislike to invest in fixed interest bonds (only 2% compared to 23% average)
• First Islamic Bank of Britain started it‘s operative business activities in 2004
  
  • Ca. 42.000 clients (end 2007) where of
    
    • 24% use Online Banking
    • 20% use Tele-Banking
  • Volume of Islamic mortgage end of 2005: GBP 170 Mio.
  • Yearly growing rate 70% face to face with 16,2% growth of conventional construction financing
  • Administrated wealth ca. 50 million €
  • Deposits: 135 mio. GBP
  • Number of accounts: 64.000
  • 8 establishments

Without explicit permission of the author of this information, every usage outside the framework of copyright regulations is not permissible. This applies especially for copies, translations, micro films as well as saving and processing in electronic systems.

NEWSLETTER

IFIBAF regularly shares the information, knowledge and development of Islamic Finance within the area of Islamic Banking.

Order now your newsletter here.