INSTITUTE OF ISLAMIC BANKING AND INSURANCE — Charity Commission profile

01 Identity

Registration and reporting

Registration status: Registered
Reporting status: Submission Received Late
Charity type: Charitable company
Registered: 18 November 2010
Removed: Not supplied
Company number supplied: 02981339
Financial period: 1 April 2024 – 31 March 2025
Latest income: £38,983
Latest expenditure: £44,503
Gift Aid: No
Owns or uses land: No
In administration: No
Insolvent: No
CIO: No

Public contact address: Viglen House Business Centre, Office # 120, Alperton Lane, WEMBLEY, Middlesex, HA0 1HD

Website recorded by the regulator: www.islamic-banking.com (displayed as text)

02 Activities

What the charity does

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.

03 Official extract

Charity Annual Return History

Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Cycle Reference: AR25
Reporting Due Date: 31 January 2026
Date Annual Return Received: 26 March 2026
Date Accounts Received: 26 March 2026
Total Gross Income: £38,983
Total Gross Expenditure: £44,503

Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Cycle Reference: AR24
Reporting Due Date: 31 January 2025
Date Annual Return Received: 24 January 2025
Date Accounts Received: 24 January 2025
Total Gross Income: £56,275
Total Gross Expenditure: £87,038

Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Cycle Reference: AR23
Reporting Due Date: 31 January 2024
Date Annual Return Received: 20 November 2023
Date Accounts Received: 20 November 2023
Total Gross Income: £147,840
Total Gross Expenditure: £78,667

Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Cycle Reference: AR22
Reporting Due Date: 31 January 2023
Date Annual Return Received: 30 January 2023
Date Accounts Received: 30 January 2023
Total Gross Income: £65,827
Total Gross Expenditure: £68,689

Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Cycle Reference: AR21
Reporting Due Date: 31 January 2022
Date Annual Return Received: 24 March 2022
Date Accounts Received: 24 March 2022
Total Gross Income: £71,939
Total Gross Expenditure: £64,277

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR25
Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Due Date: 31 January 2026
Ar Received Date: 26 March 2026
Total Gross Income: £38,983
Total Gross Expenditure: £44,503
Grant Making Is Main Activity: No
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: No
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR24
Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Due Date: 31 January 2025
Ar Received Date: 24 January 2025
Total Gross Income: £56,275
Total Gross Expenditure: £87,038
Grant Making Is Main Activity: No
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: No
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 3
Ar Cycle Reference: AR23
Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Due Date: 31 January 2024
Ar Received Date: 20 November 2023
Total Gross Income: £147,840
Total Gross Expenditure: £78,667
Grant Making Is Main Activity: No
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: No
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 4
Ar Cycle Reference: AR22
Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Due Date: 31 January 2023
Ar Received Date: 30 January 2023
Total Gross Income: £65,827
Total Gross Expenditure: £68,689
Charity Raises Funds From Public: No
Grant Making Is Main Activity: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: No
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: No
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 5
Ar Cycle Reference: AR21
Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Due Date: 31 January 2022
Ar Received Date: 24 March 2022
Total Gross Income: £71,939
Total Gross Expenditure: £64,277
Charity Raises Funds From Public: No
Grant Making Is Main Activity: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: No
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: No
Count Volunteers: 0

05 Official extract

Charity Area Of Operation

Geographic Area Type: Region
Geographic Area Description: Throughout England And Wales
Welsh Ind: No

06 Official extract

Charity Classification

Classification Code: 113
Classification Type: What
Classification Description: Economic/community Development/employment

Classification Code: 301
Classification Type: How
Classification Description: Makes Grants To Individuals

Classification Code: 109
Classification Type: What
Classification Description: Arts/culture/heritage/science

Classification Code: 309
Classification Type: How
Classification Description: Acts As An Umbrella Or Resource Body

Classification Code: 205
Classification Type: Who
Classification Description: Other Charities Or Voluntary Bodies

Classification Code: 306
Classification Type: How
Classification Description: Provides Services

Classification Code: 207
Classification Type: Who
Classification Description: The General Public/mankind

Classification Code: 102
Classification Type: What
Classification Description: Education/training

Classification Code: 308
Classification Type: How
Classification Description: Sponsors Or Undertakes Research

07 Official extract

Charity Event History

Charity Name: INSTITUTE OF ISLAMIC BANKING AND INSURANCE
Charity Event Order: 1
Event Type: Standard registration
Date Of Event: 2010-11-18T00:00:00

08 Official extract

Charity Governing Document

Governing Document Description: 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: ENGLAND AND WALES

09 Official extract

Charity Policy

Policy Name: Safeguarding policy and procedures

Policy Name: Trustee conflicts of interest policy and procedures

Policy Name: Financial reserves policy and procedures

Policy Name: Trustee expenses policy and procedures

Policy Name: Bullying and harassment policy and procedures

Policy Name: Serious incident reporting policy and procedures

Policy Name: Internal charity financial controls policy and procedures

Policy Name: Complaints policy and procedures

Policy Name: Internal risk management policy and procedures