Gatehouse Bank

UK Sharia-compliant challenger bank, established 2007.

Overview

Gatehouse Bank is an FCA and PRA regulated UK bank offering Sharia-compliant home finance, buy-to-let, and fixed term deposit accounts. Deposits are protected by the FSCS up to £85,000.

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Pros

✓FSCS protected up to £85,000
✓Competitive profit rates on fixed term savings
✓Established Diminishing Musharaka home purchase plans
✓Recognised Sharia Supervisory Board

Considerations

•No instant access savings products
•Branchless — online and phone only
•Minimum £1,000 for most savings products

Products

Home Purchase PlansBuy-to-LetFixed Term DepositsCash ISAs

Sharia board

Chaired by Sheikh Dr. Abdul Sattar Abu Ghuddah, with Sheikh Nizam Yaquby and Mufti Abdulkader Thomas.

Customer reviews

Yusuf A.★★★★★

Smooth application for the 1-year fixed savings. Profit rate paid exactly as advertised.

Sara M.★★★★★

Took a few weeks to complete the home purchase plan but the team explained every step.

Ready to apply?

You'll be taken directly to Gatehouse Bank. Mizan never charges you a fee.

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