INSTITUTE OF ISLAMIC BANKING AND INSURANCE

Charity number: 1139098
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Education, training development, research and publications aimed at providing awareness and knowledge of the concepts and moral practices in financial transactions governed by Islamic principles. The Institute of Islamic Banking and Insurance offers courses, organises training and publishes books on important areas of Islamic economics and finance, as well as a magazine, NewHorizon.

Income and expenditure

Data for financial year ending 31 March 2024

Total income: £56,275
Total expenditure: £87,038

People

3 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Economic/community Development/employment
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Provides Services
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 18 November 2010: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
02981339 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Safeguarding policy and procedures
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Asefa Qayyum Trustee 27 May 2022
None on record
FARIDA RAHMAN Trustee 01 May 2018
None on record
Mohammad Ali Qayyum Trustee 01 May 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £153.90k £71.94k £65.83k £147.84k £56.28k
Total expenditure £62.55k £64.28k £68.69k £78.67k £87.04k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 24 January 2025 On Time
Accounts and TAR 31 March 2024 24 January 2025 On Time Download Open in new window
Annual return 31 March 2023 20 November 2023 On Time
Accounts and TAR 31 March 2023 20 November 2023 On Time Download Open in new window
Annual return 31 March 2022 30 January 2023 On Time
Accounts and TAR 31 March 2022 30 January 2023 On Time Download Open in new window
Annual return 31 March 2021 24 March 2022 52 days late
Accounts and TAR 31 March 2021 24 March 2022 52 days late Download Open in new window
Annual return 31 March 2020 06 April 2021 65 days late
Accounts and TAR 31 March 2020 06 April 2021 65 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED ON 20 OCTOBER 1994 AS AMENDED 28 SEPTEMBER 2009 CERTIFICATE OF INCORPORATION ON CHANGE OF NAME ISSUED 30 SEPTEMBER 2009

Charitable objects

THE CHARITY'S OBJECTS ARE: (A) TO DEVELOP, ORGANISE AND PROMOTE FOR THE PUBLIC BENEFIT, PROGRAMMES OF EDUCATION, TRAINING AND RESEARCH IN ISLAMIC FINANCE, BANKING AND INSURANCE AND RELATED FINANCIAL SYSTEMS (B) TO DEVELOP, ORGANISE AND CONDUCT EXAMINATIONS AND AWARD QUALIFICATIONS, CERTIFICATES, DIPLOMAS AND OTHER FORMS OF PROFESSIONAL ACCREDITATIONS (C) TO ADVANCE EDUCATION AND KNOWLEDGE ON THE SUBJECT OF ISLAMIC FINANCE, BANKING AND INSURANCE AND TO PROMOTE RESEARCH FOR THE PUBLIC BENEFIT IN ALL ASPECTS OF THE SUBJECT (D) TO ACT AS AN AUTHORITATIVE BODY FOR THE PURPOSE OF CONSULTATION AND RESEARCH IN MATTERS OF EDUCATION, TRAINING, PROFESSIONAL DEVELOPMENT, INDUSTRY PRACTICE OR PUBLIC INTEREST CONCERNING ISLAMIC FINANCE AND INSURANCE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

ENGLAND AND WALES

Contact information

Address:
Viglen House Business Centre
Office # 120
Alperton Lane
WEMBLEY
Middlesex
HA0 1HD
Phone:
02072450404
Email:
iibi@islamic-banking.com
Website:

www.islamic-banking.com Open in new window