European Islamic Investment Bank Plc (EIIB) is the first independent, Sharia'a compliant Islamic investment bank to be authorised and regulated by the UK’s Financial Services Authority (FSA).

EIIB was incorporated in England and Wales in January 2005 and received its authorisation by the FSA on 8 March 2006. On 3 April, it opened for business, and on 17 May completed its IPO and was admitted to London’s AIM market.

Headquartered in London with a representative office in Bahrain, EIIB’s range of products and services include the following Sharia’a compliant investment banking activities:

 

  • Islamic Treasury and Capital Markets
  • Asset Management, including Private Banking
  • Trade Finance and Correspondent Banking
  • Advisory and Corporate Finance.

 

EIIB seeks to service a market for Sharia’a compliant investment banking services in Europe, the Middle East and Asia that it believes has been under-exploited by conventional and Islamic banks, and by non-banking institutions.

EIIB believes that its purely Sharia’a compliant approach, together with its independence and status as a UK quoted and regulated company, will enable it to become a leading investment bank in the Islamic financial sector, and to bridge the gap between the Islamic and conventional financial markets.

EIIB attracts a wide customer base including Islamic institutions and high net worth investors, investors in conventional financial markets and international institutions wishing to transact business in the Islamic financial markets.

The founding shareholders of EIIB include Gulf based individuals and institutions, including a number of Islamic banks, as well as individuals and companies based in Europe.