May 23, 2018

UK challenger bank, Gatehouse Bank, today announced the formal launch of its Shariah-compliant home finance platform, based on the state-of-the-art ‘Apprivo2’ technology developed by financial services software provider, BEP Systems.

Using cloud-based, mobile-ready technology, the bespoke case management platform will enable intermediaries to effortlessly process home finance and buy-to-let applications from enquiry through to completion.

The platform will be supported by a team of specialists based at Gatehouse Bank’s recently opened Customer Service Centre...

March 13, 2018

  • 1 and 2 Year fixed-term savings rates from challengers over 1%higher than high street on average

  • Challengers beat high street instant access accounts by 0.85% on average

  • Research by Gatehouse Bank highlights the gulf between challengers and established players

London, 12 March 2018 – Challenger banks are eclipsing the High Street’s big names with savings rates more than 1% higher on average, new research by UK challenger bank, Gatehouse Bank, revealed today.

The average 1 Year fixed-term deposit account offered by UK challenger ban...

March 7, 2018

Ask someone on the street about Shariah-compliant banking or finance and chances are you’ll receive a blank look. Even Muslims often don’t know where to get started with it and that’s why many end up with standard bank accounts, even though they don’t really want one.

But you are going to hear more and more about Shariah-compliant financial services in the coming years as its importance, intensified against a backdrop of Brexit-related uncertainty, comes to the fore. Challenger banks are nothing new, but within the challenger bank community there is without...

March 5, 2018

Gatehouse Bank has calculated that the value of sukuk assets listed on the LSE would double to £57.8bn in the next decade if issues continue at their current rate of growth.

Sukuk (Islamic bonds) offer investments that are structured to adhere to Islamic law, providing shares of tangible assets and returns that are not derived from interest.

Charles Haresnape, CEO, Gatehouse Bank, commented:

“The woes in the oil market have weighed on the growth of sukuk over the past few years but as the price of oil improves, long-awaited expansion in sukuk is bound to foll...

February 27, 2018

  • UK challenger bank, Gatehouse Bank, refreshes its savings rates and tops the table with its best-buy 60 Day Notice account

  • New rates on FSCS-protected accounts demonstrate growing challenge being mounted by banks that are ethical by intention - because they are Shariah-compliant

UK challenger bank,Gatehouse Bank, has increased the returns on the majority of its ethical Milestone Savings accounts, with its 60 Day Notice account offering customers a table-topping 1.15%.

As a Shariah-compliant UK bank, Gatehouse Bank’s savings products are ethi...

February 18, 2018

Gatehouse Financial Group (Gatehouse) is pleased to announce it has acquired a portfolio (“The Portfolio”) of four industrial properties through a JV with Brennan Investment Group, assisted by Arch Street Capital Advisors.  The Portfolio consists of four properties leased to BlueLinx Holdings Inc., a leading building and industrial products distribution company (NYSE: BXC), and were acquired through sale-lease back transactions.  
 
The 2.3 million square foot Portfolio is situated in the Northeast, and Southeast regions of the U.S. States. Specifical...

February 10, 2018

LONDON – May, 2017: Gatehouse Bank plc (“Gatehouse” or the “Bank”), a Shariah-compliant Bank based in London, is pleased to announce the appointment of Charles Haresnape as Chief Executive Officer, with effect from the 8th of May. Charles has taken over from Fahed Faisal Boodai, Chairman and Co-Founder of Gatehouse Financial Group (“the Group”), who has acted as CEO of Gatehouse during the past year. Mr. Boodai will return to his role as Chairman of the Group. Charles’s appointment marks an exciting time for Gatehouse, as it seeks to deliver for shareholde...

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