Halal savings accounts UK: compare Islamic savings rates

Compare Shariah-compliant savings accounts from Al Rayan Bank, Gatehouse Bank, BLME, QIB and Kuwait Finance House (via Raisin), and Habib Bank Zurich. Enter how much you plan to save to see which accounts you can open and the expected profit on each. Rates are checked every morning.

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How Islamic savings accounts work

Instead of paying interest, Islamic banks pay an expected profit rate. Your money is used in Shariah-compliant activity and the bank shares the profit with you, which is why the rate is described as expected rather than guaranteed. Eligible deposits with UK-authorised banks are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking group.

What to compare

Expected profit rate (AER)
Access: easy access, notice or fixed term
Minimum and maximum deposit
ISA or non-ISA: whether you want tax-free savings within your ISA allowance

Rates change frequently. Always check the latest rate and terms with the provider before opening an account. Nisba provides education only, not personalised financial advice.

Beyond savings

A savings account is step one. Investing is where your money grows.

The Nisba Academy teaches a six-step framework for going from saving to investing the halal way, with your own plan by the end. 250+ graduates, full money back guarantee.

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