Half of UK consumers open to Islamic finance switch for comparable services, Gatehouse Bank finds

• Half of UK consumers would switch to Islamic finance if services matched conventional banking, Gatehouse Bank research found.
• Willingness to switch peaked at 67% among consumers aged 35-44, compared with 11% among those aged 55 and older.
• Alignment with personal values motivated 19% to choose Islamic finance; trustworthiness and transparency attracted 18%.
• Awareness of Islamic finance reached 41%, compared with 38% for ethical finance and 37% for green finance.
• The UK has approximately 20 institutions offering Islamic finance products, including five fully Shariah-compliant banks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gatehouse Bank plc published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.