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

Still 27.75p after all this time...so static.

New branch opened in Birmingham this month and more to open this year. I rang them to find out about Mortgage products. They were very helpful but have no product until later this year. I know an ex bank manager who has just purchased shares. Very little down side.

Downside is 100% same as any other share.

You know what I mean Dill. IBB is regulated by the financial sevices authority, this being the difference between this bank and other foreign Islamic banks that have failed. I think my cash is safe, but if you want 100% safety put your money in the builing society.

it will be 27-30p by end of year

If you think that just dont buy any. They will at some time give a dividend too I would think.

johngrinsell, I agree with you there is a lot of backing by the Arabs and we all know they have a lot of dosh. this will be going place and they already have 20 million in the bank. expanding all the time and soon will stretch out to Europe. One to buy and hold in my opinion.

Azhar
I phoned them the other day and they were really helpful. It was a refreshing change to talk to someone who was interested in what I had to say. I would be really interested in there mortgage product later this year. I`m sure people are thinking this bank is just for muslims, but I think that when they start to grow people like myself who are not muslim will become more interested.

Hi
It will be 35 p in april.Its interim report is coming in april.hold for a ride

Up 20% in the last 2 days.

Amazing performance in last couple of days. Only thing I've seen is that they have started Internet banking. I think there will be strong demand for mortgages when they start as existing Islamic mortgages are still making profits for non Islamic banks. The only question is what price do you put on IBB? We'll have a better idea after the results.

hi
Its above than mine expectation. its ibb day today

Nice to see a share price doing nicely today. A little gold mine springs to mind.
:-)

up another 32%.

looks good and tempted to buy but not sure why a sudden rise.

what a day

lots of buys coming through looks good so far,is there something happening or any news that some one can reflect on this.

Amid all the excitement, a question:
What happens if the bank have to repossess?
Would that happen in the normal standard way?
Excuse the ignorance..

Also,who pays for maintenance,the owner IBB or the tenant?