Islamic Business Account

Our Islamic Business Account allows you to bank in accordance with Shariah law. It is a completely interest-free way to manage your funds and was created by the Islamic finance experts in our Lloyds Bank Shariah Committee.

Two months before your free banking period ends – if you have a start-up account or switcher account – we’ll ask you to confirm if the tariff that you chose when opening the account still suits your business. If we don’t hear from you, you’ll be automatically placed on the tariff you chose when you opened your account.

Features and benefits

  • Deposit funds into an account that doesn’t attract or charge interest.
  • Ensure your money is never used for any non-Shariah approved activities.
  • Get 18 months free business banking1.
  • Keep a minimum balance of just £1 in your account each month2.
  • Access your money instantly, as and when you need it.
  • Conveniently make payments using a business debit card.
  • View your account information and make payments online.
  • Make and receive business payments using a cheque book and paying-in book.

If you’re just starting out, our Islamic Business Account comes with ongoing support. This includes:

  • access to one of the largest branch networks of any bank in the UK
  • multiple ways to manage your finances – including Internet Banking, Mobile Banking and PhoneBank.

The Shariah Committee members who helped create the Islamic Business Account are internationally recognised for their knowledge and expertise in Islamic finance. They are:

Sheikh Nizam Yaquby a member of the Shariah Committee for several Islamic financial institutions. He has received an MSc in Finance (Canada) and is based in Bahrain. He has been a Professor of Tafsir, Hadith and Fiqh in Bahrain since 1976 and is the author of several articles and publications on Islamic finance in English and Arabic.

Muhammad Nurullah Shikder is a Barrister-at-Law and has been the Imam at the Tunbridge Wells Mosque. He received an LLB degree from London Guildhall University. He advises individuals and businesses on Islamic finance and currently resides in Dubai.

To apply for an Islamic Business Account you should:

  • require the Islamic Business Account for business use
  • be a sole trader, partner or director
  • be aged 18 or over.

On the phone

0800 022 4389

Call us to talk to our business management team. We are available from 9am to 5pm Monday to Friday, except for 9.30am to 5pm on Wednesday.

Our commitment to British business

We're committed to helping British businesses grow and develop by giving them the support they need – our Business Charter will tell you more.

Business Resource Centre

Businesses, new and established, will face fresh challenges and opportunities. Our comprehensive range of online business resources and tools are designed to help.

Internet Banking

Internet Banking puts you in control of your finances, giving you time to concentrate on what is important - your business.