Institute of Islamic Banking and Insurance
Analysis
Institute of Islamic Banking and Insurance is a registered charity in England and Wales, based in Middlesex. It was registered in November 2010, 16 years ago. Its declared purposes cover education/training, arts/culture/heritage/science and economic/community development/employment, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 02981339). It says it makes grants to individuals, provides services and sponsors or undertakes research.
In the financial year ending March 2025, Institute of Islamic Banking and Insurance reported income of £39k and spending of £45k, spending 114% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income fell from £72k to £39k (-46%), an average of -14% a year. The sharpest change came in the year to March 2023, when income rose by 125%. Over the whole period it spent 90% of the income it received.
Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Islamic Banking and Insurance sits at the 65th percentile: it is larger than about 64% of them. Against every charity in England and Wales with reported income it ranks in the 57th percentile. Charities of a similar size with the same main cause include Retrospect Opera (£39k), Birchmeadow Centre Management Committee (£39k) and The Box Foundation (£39k).
Data notes from the register: The latest annual return was received after its deadline.
Income and spending
Where the income comes from
- Other 100%
In the charity's own words
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.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Retrospect Opera | Cheshire | £39k |
| Birchmeadow Centre Management Committee | Broseley | £39k |
| The Box Foundation | Plymouth | £39k |
| Hungarian Cultural Association | Guildford | £39k |