Our agreement with you is made up of general conditions (contained in the Personal Banking terms and conditions leaflet) and additional conditions. These include the conditions below and the Banking Charges guide which contains our standard fees.
If there is any overlap or conflict between the additional conditions and the Personal Banking terms and conditions, the additional conditions apply.
Your Islamic Account is interest free and all money deposited in it will be held in conformity with the rules of Shariah as determined by our Shariah Committee.
The Shariah Committee is made up of eminent Islamic scholars well known for their expertise in Islamic finance. More information on the committee members and their credentials is available on request.
Shariah-approved features of the Islamic Account
We will operate the Islamic Account in accordance with the rulings and guidance given by The Lloyds TSB Shariah Committee. We agree to be bound by the rules and guidance of our Shariah Committee in all matters of interpretation and application of Shariah to the Islamic Account.
We do not pay or charge interest on this account and Planned Overdrafts are not available.
Changes to the Islamic Account
We can change the Islamic features or the terms and conditions of the account from time to time to follow guidance from the Shariah Committee and in accordance with the Personal Banking terms and conditions.
Cooling off
If you are not happy with your choice of account or service, you can cancel it within 30 days of opening the account or taking the service. We will then help you to move to another account we offer or will return your money to you with any interest you have earned on it.
