INSTITUTE OF ISLAMIC BANKING AND INSURANCE
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.
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.
What the accounts disclose
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level that the Trustee see fit.” — page 5
“Included within other creditors is an amount due to a trustee of £NIL (2024: £9,243) which was paid after the year.” — page 23
Trustees
- Asefa Qayyum
- FARIDA RAHMAN
- Mohammad Ali Qayyum
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £39k | £45k |
| 31/03/2024 | £56k | £87k |
| 31/03/2023 | £148k | £79k |
| 31/03/2022 | £66k | £69k |
| 31/03/2021 | £72k | £64k |
Common questions
Is INSTITUTE OF ISLAMIC BANKING AND INSURANCE financially healthy?
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. Its FY2025 accounts were independently examined.