Bank of London and The Middle East plc (BLME) is a fully Sharia’a compliant wholesale bank in the heart of the City of London. BLME is managed by a quality team bringing together a combination of highly experienced international financiers and leading experts in Islamic finance.

BLME was incorporated in August 2006 and received FSA authorisation in July 2007. Since authorisation, BLME has provided innovative Sharia’a compliant funding for our diverse client base.  The majority of our Corporate Banking client base is located mainly in the UK, US and Europe.

At the heart of our business strategy remains the building of an institution which will provide business solutions, using innovative Sharia’a compliant investment and financing products, whilst addressing all the financial needs of our customers. BLME carries out its business with fairness, transparency and integrity which are the basic tenets of Islamic Finance.

We are pleased to announce that our audited financial statements are available. Since we opened for business we have been well ahead of our business plan and in February 2008 raised a further £75 million from both our existing and new shareholders via a Private Placement increasing our paid up capital to £250million. This means that BLME is the best capitalised Islamic Bank in the UK. BLME maintains a high level of liquidity that allows us to offer flexible and competitive finance solutions in what in recent times has become a less illiquid market.

 

BLME focuses on four principal areas of business:

 

BLME is a company registered in England and Wales, company number 5897786 and registered office at 165 Queen Victoria Street, London, EC4V 4DD. BLME is authorised and regulated by the Financial Services Authority.