Gatehouse Bank Named UK’s Most Innovative and Best Islamic Bank

Gatehouse Bank has been named the ‘Best Islamic Bank in the United Kingdom’ and the ‘Most Innovative Bank in the United Kingdom’.

The Shariah-compliant challenger Bank was given the accolades by international media group, Islamic Finance News (IFN), following a record number of votes in its most recent Best Banks Poll – Country, which honours outstanding Islamic banks in key financial markets.

IFN noted that the UK is widely recognised as a Western hub for Islamic finance, commending Gatehouse Bank for continuing to play a vital role in this landscape despite the country’s tricky economic and political climate over the last year. Gatehouse Bank was further praised for its expertise and digital-first ethos.

The accolades reflect the Bank’s strong position in the UK market and digital advancements across product areas over the last year. In 2022, the Bank launched a savings app to provide customers with round-the-clock access to their personal savings accounts, as well as an online decision in principle tool to allow home finance customers to independently gain a decision in principle at a time convenient to them.

Andrew Tebbutt, Managing Director, REDmoney, said: “Gatehouse Bank continues to innovate in the provision and distribution of financial solutions for ethically minded consumers in the highly competitive UK market.

“The Bank’s position is reflected by its strong showing in the 2022 IFN Best Banks Poll, and IFN congratulates Gatehouse Bank and its leadership for their continued success.”

Charles Haresnape, CEO of Gatehouse Bank, commented: “We are thrilled to have been named the Best Islamic Bank in the UK and Most Innovative Bank in the UK by Islamic Finance News and extend our gratitude to everyone who voted for us.

“At Gatehouse Bank, we pride ourselves on our customer-first ethos and digital product offering and are pleased that our efforts have been noted by such a prestigious, international organisation.”

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