In August 2006 House of London and The Middle East (“HLME”) was incorporated as a UK company by our initial sponsors, Boubyan Bank and Humphrey Percy, our CEO. By July 2007 HLME had received a banking license from the UK Financial Services Authority and became Bank of London and The Middle East plc (“BLME”).
BLME was launched to bridge the European and Middle Eastern markets with the aim of becoming the market leader in Islamic finance. London, as a key centre for global finance, was chosen as our base due to its strong tradition of financial innovation and creativity. London has also provided BLME with access to a highly skilled workforce.
By 2008 we had successfully completed our second private placement bringing BLME's total capital base to £250million. As an integral part of our strategy, BLME successfully launched a Private Bank and Asset Management offering in early 2009.
BLME respects the traditions of Sharia’a whilst at the same time being a forward-looking bank, bringing innovative Islamic finance products to the market using modern technology.
We understand that our clients are unique and therefore have different priorities and goals. Our priority is to listen and understand your requirements in order to partner your objectives with our proven expertise. Due to our size and the experience of our relationship managers we work flexibly and quickly.
With direct access to your relationship manager you can connect to all our experienced global experts across all divisions and services.