INSTITUTE OF ISLAMIC BANKING AND INSURANCE

Registered charity 1139098 · accounts filings on the Charity Commission register

Education, training development, research and publications aimed at providing awareness and knowledge of the concepts and moral practices in financial transactions governed by Islamic principles. The Institute of Islamic Banking and Insurance offers courses, organises training and publishes books on important areas of Islamic economics and finance, as well as a magazine, NewHorizon.

Objects

THE CHARITY'S OBJECTS ARE:(A) TO DEVELOP, ORGANISE AND PROMOTE FOR THE PUBLIC BENEFIT, PROGRAMMES OF EDUCATION, TRAINING AND RESEARCH IN ISLAMIC FINANCE, BANKING AND INSURANCE AND RELATED FINANCIAL SYSTEMS(B) TO DEVELOP, ORGANISE AND CONDUCT EXAMINATIONS AND AWARD QUALIFICATIONS, CERTIFICATES, DIPLOMAS AND OTHER FORMS OF PROFESSIONAL ACCREDITATIONS(C) TO ADVANCE EDUCATION AND KNOWLEDGE ON THE SUBJECT OF ISLAMIC FINANCE, BANKING AND INSURANCE AND TO PROMOTE RESEARCH FOR THE PUBLIC BENEFIT IN ALL ASPECTS OF THE SUBJECT(D) TO ACT AS AN AUTHORITATIVE BODY FOR THE PURPOSE OF CONSULTATION AND RESEARCH IN MATTERS OF EDUCATION, TRAINING, PROFESSIONAL DEVELOPMENT, INDUSTRY PRACTICE OR PUBLIC INTEREST CONCERNING ISLAMIC FINANCE AND INSURANCE.

Area of benefit: ENGLAND AND WALES

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Economic/community Development/employment · website · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves decreased to £14,579 from £20,099 in the prior year, resulting in a net deficit of £5,520 against total income of £38,983. The trustees report that the charity has sufficient resources to continue in operational existence for the foreseeable future with no material uncertainties regarding its going concern status.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints policy and procedures
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Safeguarding policy and procedures
• Serious incident reporting policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

Trustees · trustee networks

• Asefa Qayyum
• FARIDA RAHMAN
• Mohammad Ali Qayyum

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Common questions