Habib Bank Zurich UK - Sirat Islamic Banking Sirat Current Account

Why It's Halal

Sirat accounts are managed in compliance with AAOIFI Shariah standards under the guidance of the bank's Shariah Advisor with external review and audit by IFAAS; the bank publishes Sharia compliance certificates for the window and pays and receives no interest on Sirat accounts. Current account funds are not deployed into interest-based or prohibited activities. The governance model is worth understanding precisely: Sirat products are structured, managed and operated in compliance with AAOIFI Shariah standards - the most widely adopted rulebook in Islamic finance - under the bank's Shariah Advisor, with IFAAS, the specialist Islamic finance advisory and audit firm, providing external review and audit, and Sharia compliance certificates published for the window. What is missing is named individual scholars on the UK website, which places Sirat below the named-board standard of Gatehouse or AlRayan but well above uncertified fintech alternatives. As a current account it pays no profit, so there are no return mechanics to scrutinise; the compliance question is what the window does with the funds, which the AAOIFI framework and IFAAS audit exist to answer.