UK - Two board members at Islamic Bank of Britain resign

Two members of the board of Birmingham-based Islamic Bank of Britain (IBB) have resigned.

The bank’s chairman Mohsen Moustafa will step down from 31 December and non-executive director Abdul Hakim Al Adhamy is to resign with effect from 10 November, the Aim-listed bank said in a statement to the stock exchange.

UK - Qatar Islamic Bank eyes UK mid-cap investment spree

The UK unit of Qatar Islamic Bank (QIB) has unveiled a new lending strategy targeting small to medium-sized British companies with limited access to conventional sources of credit, the company said.