Bank Details
Gatehouse Bank, formerly Milestone Savings, is a new ethical Sharia-compliant challenger bank that was authorised by the Financial Conduct Authority and the Prudential Regulation Authority.
Gatehouse Bank adheres to a strict ethical code of Sharia banking principles, and subsequently, they won’t invest in gambling, alcohol, tobacco or arms. Instead, they support projects with less ethical concerns, such as property and real estate projects across the UK.
The principles of Sharia banking prohibit excessive uncertainty, gambling and speculation, and as the Financial Services Compensation Scheme protects savings products offered by Gatehouse Bank, you can rest assured that your capital is secure.