Noticed this bank new to the market recentley. any comment would be welcomed

dont expect 30 but may be 40-45.good luck

can Rohimul , Squirrel2005 or Azhar please tell me on what facts you base your target 30, 40-45, I am new to the game and cannot understand how unless one has some info one can base such figures. Thanks

pension271, IBB currently have a Mkt cap 200 million and 3 million losses. Don't get me wrong this will deffinately be going places but it's not worth that much at the moment. I think the curent value of 60p has aleady a fair bit of future growth included. As always DYOR.

Thanks Azhar -top of the morning to you.

I am from first day Ibb share holder. Its price is over heated because of daily traders and short terms investors for a quick profit when they will take out their money out the price will drop. Ibb never crossed even 31 p before 20th march .it was always between 25-28 p . its market capital was 110 million which is increased to 250 millions because ibb final report. Unfortunately it was not as good as it was expected so lot of people took their money out. Ibb got a real potential of growth . UK got 2 million muslim population according to a recent survey by lloyds and hsbc and barcley every fifth muslim want islamic banking service, which mean at least 400000 muslims and other ethik investors will sooner or later move to IBB etc. i dont think 55-60 is right at its today books so just wait till end of april and I believe it will normalise . short term investor will not wait so long it is a long term investment. so good luck

Has anyone any news - nearly 2,000,000 buys against 400,000 sales - cannot find anything anywhere????

Right then guys and gals. IBB now approaching my buy price again. Like I said earlier will get in around 32p

it's going up again!

Islamic Bank of Britain Plc
29 June 2005


ISLAMIC BANK OF BRITAIN PLC

'Halal' Personal Finance is another first from Islamic Bank of Britain


Islamic Bank of Britain, the UK's only totally Islamic British bank, has
launched a Sharia'a compliant personal 'loan' facility, making it the only
provider of 'Halal' unsecured finance in the UK.

The new unsecured facility allows customers to generate cash funds between
1,000 and 20,000 using the Islamic principle of Murabaha with deferred
payments. The end result is that consumers can get a finance facility similar
to a conventional loan but in accordance with the Muslim faith which prohibits
the use of interest.

Michael Hanlon, managing director of Islamic Bank of Britain explains: 'We aim
to offer our customers as much choice and flexibility as possible when it comes
to their finances. As a result, we are often first to launch new products. We
are already the only British bank offering Sharia'a compliant savings accounts
and now we are also the only provider in the UK offering Sharia'a compliant
unsecured finance.'


How It Works

The process is simple for the customer, and only requires one visit to the
branch or application via post. Islamic Bank of Britain then works to ensure
that the personal finance facility is run in accordance with Sharia'a. The Bank
buys commodities and then sells them to the customer for the cost plus the
Bank's profit. The customer then becomes the owner of the commodities. An
independent agent then sells the commodities on the customer's behalf for the
market price and puts the resulting cash into the customer's account for the
customer to use to finance their purchase. The customer then pays the bank in
monthly instalments over a period of time. Repayment periods of 12 to 60 months
are available.

It marks the first time that Britain's 1.8 million Muslims have had access to a
personal finance facility from a British bank which is wholly operated in
accordance with Islamic Sharia'a principles.

Islamic Bank of Britain is regulated by the FSA and meets UK banking regulations
and safeguards for the customer. It opened its first branch in London last
year, was admitted to trading on AIM, a market operated by the London Stock
Exchange, in October and now also has five branches in Birmingham, Leicester and
London with a further five more branches planned for 2005.

Customers outside of the branch areas can use the bank's services via telephone
and postal banking (to the Bank's UK based customer service centre. Telephone
0845 6060 786). An internet banking service is planned for launch at the
beginning of 2006.

Islamic Bank of Britain ensures that it does not compromise Islamic principles.
All products and services are overseen and approved by a Sharia'a Supervisory
Committee comprised of world- renowned experts in the implementation of Islamic
principles and their applications within modern-day financial institutions.

To find out how to apply for an Islamic Bank of Britain Personal Finance
Facility (18 years or over and UK resident) or for more information on other
Islamic Bank of Britain products and direct banking service call 0845 6060 786
or visit
www.islamic-bank.com

Islamic Bank Britain launches Sharia'a loan facility
AFX

LONDON (AFX) - AIM-listed Islamic Bank of Britain PLC said it has launched a Sharia'a compliant personal 'loan' facility, making it the only provider of 'Halal' unsecured finance in the UK.

The new unsecured facility allows customers to generate cash funds between
1,000 and 20,000 using the Islamic principle of Murabaha with deferred
payments.

The end result is that consumers can get a finance facility similar
to a conventional loan but in accordance with the Muslim faith which prohibits
the use of interest.

I have no interest in IBB and have no advice to give either way.

Thought you might be interested in this piece in the Questor column (see this mornings Telegraph).

"Uphill for Islamic Bank of Britain

There are more than 2m Muslims in Britain who have until recently been ill-served by traditional financial institutions. The religion places strict conditions on the sort of products they can buy, not least banning the paying or receiving of interest.

Enter the Islamic Bank of Britain, which listed on Aim last August and is backed by a group of mainly Islamic shareholders, such as the Qatar International Islamic Bank. Yesterday, it announced a new financing arrangement that makes it the UK's only provider of "Halal" unsecured finance.

Competition has already emerged from more traditional institutions such as Lloyds TSB and HSBC, in addition to foreign banks such as Habib Bank. Unlike the western banks, though, IBB can claim to make no earnings at all from interest bearing products.

It does also offer some unique products, but there is nothing preventing rivals copying those that are successful. Added to which, IBB is not expected to be profitable until 2006 at the earliest. The shares yesterday finished down p at 36p. Even though the demographics look favourable, it has to be questioned what exactly IBB offers when blue chip institutions provide Sharia compliant products. There is little to recommend the shares. Avoid."

I can't agree

BBC news, I heard 50% growth in islamic mortgage is expected.

STAN us almost 7%. No news IMO

Hi guys 18 p for a bank now looks interesting. what do you guys think ? good time to go in or you think this is going down ?

was expecting it to go back to the 27p level where it has been for a long time i have been that would be a 9-10p (30%) gain

This one is still at least 2 years from profitability.
It will be a long wait although the downside is limited.

Ian

I have to express sorrow at my ignorance of Islamic culture and banking in particular. However, I suspect it is very straight, but worry that non-muslims would not bemefit from all the good bits. Further I wonder if there will ever be a dividend (it's against their principles, isn't it?)
The sp has shown some weakness, but I suspect their business will grow if it's properly conducted.
Unfortunately Islamic fundamentalists and "muslims" apper to be one and the same in many minds, something that will take many years to correct and even longer to erase. Therefore I wonder the wisdom of an equity investment here and, from this thread, I see the IPO was at 25p, - so today's price doesn't show much change.

In the last 5 years a lot of 'muslim money' has been invested in Islamic countries/companies because of fear of having funds/assets being frozen in US and EU. $ Billions have left US economy, which is reflected in weak dollor. I know a lot of people who have switched their banking to IBB recently although I am not sure how many have bought other services like mortgages etc.

This is a baby