QIB (UK) plc is committed to conducting its business responsibly and to preventing modern slavery and human trafficking in its operations and supply chains, in accordance with section 54 of the UK Modern Slavery Act 2015.
QIB (UK) plc is a UK incorporated bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bank provides Sharia compliant banking and financing services and operates solely in the United Kingdom.
The nature of QIB (UK)’s business means its exposure to modern slavery risk is considered low.
The Bank does not engage in manufacturing or labour intensive activities. Its supply chain primarily comprises professional services providers, technology vendors, and regulated service providers, the majority of which are based in the UK or EU.
QIB (UK) maintains policies and procedures that support ethical business conduct and responsible supply chain management, including its Code of Conduct, outsourcing and third party risk management frameworks, procurement controls, whistleblowing arrangements, and financial crime policies.
The Bank undertakes risk based due diligence on suppliers and expects them to comply with applicable laws and regulations, including those relating to labour standards and human rights.
QIB (UK) is committed to reviewing the effectiveness of its approach and to developing its practices where appropriate, in line with evolving regulatory expectations and its broader ESG framework.
Training and Awareness
QIB (UK) promotes a culture of integrity and compliance through:
- regular staff training on ethics, conduct, and financial crime,
- clear escalation and reporting mechanisms,
- a confidential whistleblowing framework.
Employees are encouraged to raise concerns where behaviour or practices may be inconsistent with the Bank’s values or legal obligations.
Effectiveness
For the financial year ended 31 December 2025, no instances of modern slavery were identified within QIB (UK)’s operations or supply chain that required escalation, remediation, or termination of supplier relationships.
Approval
This Statement has been approved by the Board of Directors of QIB (UK) plc and will be reviewed annually.
Approved on behalf of the Board of Directors
QIB (UK) plc
Date: