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Best UK Islamic Bank Savings Rates Today (July 2026)
In this Article
Adil Hussain
Head of Content
2 min read
Last updated on:
If you’re looking for the best Islamic savings accounts in the UK, there are now several Shariah-compliant banks offering competitive expected profit rates across instant access, notice accounts, and fixed-term deposits.
Unlike conventional savings accounts, Islamic savings accounts do not pay interest (riba). Instead, banks invest your money in Shariah-compliant assets and pay an expected profit rate.
Below are the latest rates from UK Islamic banks and Shariah-compliant providers. However please note, rates can change regularly, so please verify the latest expected profit rate directly with the bank or savings platform before applying.
Best Instant Access Islamic Savings Accounts
Instant access accounts let you withdraw your money whenever you need it.
| Provider | Platform | Rate (Expected Profit) | Minimum Deposit |
|---|---|---|---|
| QIB | Raisin | 3.90% | £1,000 |
| Gatehouse Bank | Direct | 2.95% | £1 |
| Al Rayan Bank | Direct | 2.75% | £10,000 |
Best Islamic Notice Savings Accounts
Notice accounts typically pay higher returns in exchange for giving notice before withdrawing your money.
| Provider | Platform | Rate | Minimum Deposit |
|---|---|---|---|
| BLME (90 Day Notice) | Direct | 4.37% | £10,000 |
| QIB (95 Day Notice) | Raisin | 4.25% | £1,000 |
| QIB (31 Day Notice) | Raisin | 4.15% | £1,000 |
| Gatehouse Bank (120 Day Notice) | Direct | 3.50% | £500 |
| Gatehouse Bank (95 Day Notice) | Direct | 3.40% | £500 |
Best Fixed Term Islamic Savings Accounts
Fixed-term deposits generally offer the highest expected profit rates because your money remains invested for a set period.
6 Month Fixed Term
| Provider | Platform | Rate | Minimum Deposit |
|---|---|---|---|
| Al Rayan Bank | Prosper | 4.66% | £1,000 |
| Gatehouse Bank | Direct | 4.30% | £1,000 |
12 Month Fixed Term
| Provider | Platform | Rate | Minimum Deposit |
|---|---|---|---|
| Al Rayan Bank | Meteor | 4.80% | £1,000 |
| Al Rayan Bank | Direct | 4.70% | £10,000 |
| Al Rayan Bank | Raisin | 4.70% | £1,000 |
| Kuwait Finance House | Raisin | 4.69% | £1,000 |
| Al Rayan Bank | Prosper | 4.65% | £1,000 |
| BLME | Direct | 4.65% | £1,000 |
| QIB | Raisin | 4.45% | £1,000 |
| Gatehouse Bank | Direct | 4.15% | £1,000 |
2 Year Fixed Term
| Provider | Platform | Rate | Minimum Deposit |
|---|---|---|---|
| BLME | Direct | 4.40% | £1,000 |
| Gatehouse Bank | Direct | 3.9% | £1,000 |
| Al Rayan Bank | Prosper | 4.38% | £1,000 |
3 Year Fixed Term
| Provider | Platform | Rate | Minimum Deposit |
|---|---|---|---|
| Al Rayan Bank | Meteor | 4.62% | £1,000 |
| Al Rayan Bank | Direct | 4.55% | £10,000 |
| Al Rayan Bank | Raisin | 4.55% | £1,000 |
| Al Rayan Bank | Prosper | 4.50% | £1,000 |
| Gatehouse Bank | Direct | 3.85% | £1,000 |
Which Islamic Savings Account Is Best?
The right account depends on your goals:
- Need access to your money? Choose an Instant Access account.
- Happy to give notice? A Notice Account offers higher expected profits while keeping more flexibility than a fixed-term deposit.
- Want the highest returns? A Fixed-Term Deposit typically offers the best expected profit rates if you don’t need access during the term.
All of the providers listed above are FSCS protected (subject to the scheme’s limits and eligibility), giving additional peace of mind alongside Shariah compliance.
Adil Hussain
Head of Content
Adil is currently the Head of Content for IslamicFinanceGuru with a long history of creating educational content for Muslims reaching millions. He holds a BSc in Mathematics, an MSc in Data Science and Analytics and a Diploma in Islamic Finance. Adil is currently the Head of Content for IslamicFinanceGuru with a long history of creating educational content for Muslims reaching millions. He holds a BSc in Mathematics, an MSc in Data Science and Analytics and a Diploma in Islamic Finance.
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