Yes. We are covered by the Financial Services Compensation Scheme (FSCS).
The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account..

This is an online product and to apply for a BLME Premier Deposit Account you need to complete the online application form. Further instructions on the account opening procedures are detailed in the Application Checklist that is sent to you once you have completed the online application form.

No. We open a current account simply as a means of transferring funds to and from the Premier Deposit Account. The current account does NOT come with a debit card or a cheque book or any other service you might ordinarily expect from the term 'current account'.

As a Sharia’a bank we do not guarantee the profit rate on our accounts. However BLME offers this account with the aim of reaching the profit rate offered. We promise to monitor the performance of your account each day. In the unlikely event that your deposit is not producing the quoted profit rate we will contact you to ask if you wish to terminate the agreement or agree to continue. At that point we would return the original investment amount plus the accrued profit to the termination date. In this circumstance you would not be penalised for terminating your agreement early.

Our current profit rates are on our website. The link to the profit rate web page is: http://www.blme.com/ratesreport.php

You can open a Premier Deposit Account if you have accounts and deposits with other banks or financial institutions.

To view these documents you need to use a PDF file viewer such as Adobe Reader or Acrobat Exchange from Adobe Systems Incorporated. Please visit http://get.adobe.com/uk/reader/ to download the latest version of Adobe Acrobat. If you are using a Hotmail account please ensure you add pda@blme.com to your trusted senders list as Hotmail default settings will prevent you receiving the completed application. If this still does not work please contact our customer service department using pda@blme.com

Yes you would. You would need to follow the application procedure described on the website and in the documentation sent via email. Instead of your mother (or any other person for whom you have POA) signing the documentation, you will need to sign the documentation and provide evidence of the POA.

BLME only invests your deposit in Sharia’a compliant activities. Our aim is to achieve sustainable investment performance from tangible assets, and is rooted in transparency, fairness, clarity and the avoidance of speculation.

You can nominate an alternative UK bank account. If you notify BLME of the nominated account at least 3 working days before the maturity of your deposit we will do this for you free of charge. We ask that you make this request near the maturity rather than when you first apply to ensure that profit is not transferred to an old account.

Yes. You can nominate an alternative UK bank account. If you notify BLME of the nominated account at least 3 working days before the maturity of your deposit we will do this for you free of charge. We ask that you make this request near the maturity rather than when you first apply to ensure that profit is not transferred to an old account.

You can nominate an alternative UK bank account. If you notify BLME of the nominated account at least 3 working days before the maturity of your deposit we will do this for you free of charge. We ask that you make this request near the maturity rather than when you first apply to ensure that profit is not transferred to an old account.