{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Bankers predict increase in financial activity during Ramadan' data-url='/boclips/videos/5c54bc6fd8eafeecae12c9f4' data-video-url='/boclips/videos/5c54bc6fd8eafeecae12c9f4' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nBankers predict increase in financial activity during Ramadan\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHere at this London branch of the Islamic Bank of Britain (IBB), customers have been getting ready for Ramadan.The bank says it sees a flow of deposits over the year - and then an increase in transactions leading up to and during the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHere at this London branch of the Islamic Bank of Britain (IBB), customers have been getting ready for Ramadan.\u003cbr/\u003eThe bank says it sees a flow of deposits over the year - and then an increase in transactions leading up to and during the holy month. \u003cbr/\u003eMuslims often make charitable donations during Ramadan, but also indulge in elaborate, fast-breaking daily meals.\u003cbr/\u003eIt all adds up to savings being withdrawn - to cover the costs. \u003cbr/\u003eCustomer Najib Ullah, who's originally from Afghanistan, says money is put aside throughout the year.\u003cbr/\u003e\"We are like buying food, giving (to) charities, giving.. helping poor people and give money to the mosque, giving sadaqahs (referring to charity donations), like you know.. helping each other,\" he says. \u003cbr/\u003eThe IBB is Britain's only shariah-compliant retail bank. \u003cbr/\u003eImran Pasha, Head of Sales and Service, says they're braced for more business.\u003cbr/\u003eHe says customers are taking money out and charities are paying in.\u003cbr/\u003e\"During the month of Ramadan, a lot of people partake in a lot more charitable giving. So whether it's the institutional charities or community organisations or individual customers, they take advantage of this month, they see it as a good opportunity to increase their giving and for charities etcetera,\" he explains.\u003cbr/\u003ePasha says there are plans in place to deal with the extra banking activities - and the restrictions in place during Ramadan. \u003cbr/\u003e\"We plan in a number of different ways, by making sure, one, our services operate around our customers needs, around Ramadan, because you are going to be fasting for 16 odd hours a day,\" he says.\u003cbr/\u003e\"Secondly, we're making necessary arrangements in terms of our cash levels in the branches, and adjust our working practices to accommodate their needs.\"\u003cbr/\u003eAnother customer who is visiting this IBB branch is Abdulkadir Abukar, who's originally from Somalia.\u003cbr/\u003eHe says that he tries to send money home during Ramadan. \u003cbr/\u003e\"I'm giving (during) Ramadan, a few gifts for sadaqah (referring to charity donations). If you give one hundred and fifty.. 15-hundred dollar(s). If you take the money, yes, if you go into Somalia. (In) Somalia I feel happy now, yes,\" he says. \u003cbr/\u003eAnd it's not just customers at this bank branch who spend more at this time of year.\u003cbr/\u003eA wave of rich Middle Eastern shoppers usually arrive in the British capital - ahead of Ramadan - to indulge in retail therapy.\u003cbr/\u003eIt's dubbed the \"Ramadan rush\" - which sees a surge in sales before people fly home for the month of fasting and increased religious observance.\u003cbr/\u003eThere's also bumper business during the Eid holiday, which marks the end of the holy month.\u003cbr/\u003eOfficial figures show that Middle Eastern tourists in the UK ranked just 19th in terms of numbers of people last year, but came second in total spend - 888 million pounds (1.5 billion US dollars).\u003cbr/\u003eWhile Muslims may change their banking behaviour - and spend more - financial analysts say the overall impact of Ramadan on the economy is negligible. \u003cbr/\u003e\"Essentially, I judge retail sales growth over the course of a 12 month period, not a one month period or a two month period. These things are cyclical,\" explains Michael Hewson, Chief Markets Analyst at CMC Markets UK.\u003cbr/\u003e\"You can get a very good month one month, you can get a very bad month the next month. You take the West for example. You usually get a big push just before Christmas, or just before Easter, and then you get a drop off after that.\"\u003cbr/\u003eMeanwhile, bankers say changes in customer behaviour around Ramadan can also have a more lasting effect - with people not only re-evaluating their faith, but also the way they run their finances. \u003cbr/\u003eAP Television \u003cbr/\u003eLondon, UK - 26 June 2014\u003cbr/\u003e1. Mid of customer at counter in Islamic Bank of Britain (IBB) branch\u003cbr/\u003e2. Close-up of bank worker behind glass\u003cbr/\u003e3. Mid of customer putting document into bag, zooms out as she walks away \u003cbr/\u003e4. Close-up of bank information leaflets\u003cbr/\u003e5. Wide of customer Najib Ullah at counter in bank \u003cbr/\u003e6. Close-up of Ullah \u003cbr/\u003e7. Close-up of Ullah's hand on counter \u003cbr/\u003e8. SOUNDBITE: (English) Najib Ullah, 35, Customer, lives in London, originally from Afghanistan:\u003cbr/\u003e\"We save the money for all through the year for Ramadan. And we are like buying food, giving (to) charities, giving.. helping poor people and give money to the mosque, giving sadaqahs (referring to charity donations), like you know.. helping each other.\"\u003cbr/\u003e9. Wide of Imran Pasha, Head of Sales and Service, Islamic Bank of Britain, walking into branch and greeting worker\u003cbr/\u003e10. Various of Pasha speaking to branch worker\u003cbr/\u003e11. SOUNDBITE: (English) Imran Pasha, Head of Sales and Service, Islamic Bank of Britain:\u003cbr/\u003e\"The key difference that we see in the month of Ramadan is customers actually do increase their banking activities. And the reason for that is, that during the month of Ramadan, a lot of people partake in a lot more charitable giving. So whether it's the institutional charities or community organisations or individual customers, they take advantage of this month, they see it as a good opportunity to increase their giving and for charities etcetera.\"\u003cbr/\u003e12. Tilt up of Pasha holding document and talking \u003cbr/\u003e13. Wide of Pasha speaking to branch worker\u003cbr/\u003e14. SOUNDBITE: (English) Imran Pasha, Head of Sales and Service, Islamic Bank of Britain:\u003cbr/\u003e\"We plan in a number of different ways, by making sure, one, our services operate around our customers needs, around Ramadan, because you are going to be fasting for 16 odd hours a day. Secondly, we're making necessary arrangements in terms of our cash levels in the branches, and adjust our working practices to accommodate their needs.\"\u003cbr/\u003e15. Mid of customer Abdulkadir Abukar walking into bank office and greeting worker\u003cbr/\u003e16. Various of Abukar speaking to bank worker\u003cbr/\u003e17. SOUNDBITE: (English) Abdulkadir Abukar, Customer, lives in London, originally from Somalia:\u003cbr/\u003e\"I'm giving (during) Ramadan, a few gifts for sadaqah (referring to charity donations). If you give one hundred and fifty.. 15-hundred dollar(s). If you take the money, yes, if you go into Somalia. (In) Somalia I feel happy now, yes.\"\u003cbr/\u003e18. Zoom in on sign in bank reading: (English) \"IBB, Islamic Bank of Britain - Home Purchase Plan, Sharia compliant mortgage alternative\"\u003cbr/\u003e19. Wide of man walking into London Stock Exchange (LSE) building\u003cbr/\u003e20. Close-up of London Stock Exchange logo on building exterior\u003cbr/\u003e21. Low shot of data screens in LSE lobby area\u003cbr/\u003e22. Pull focus of \"World Indices\" electronic data screen \u003cbr/\u003e23. Close-up of ticker\u003cbr/\u003e24. Close-up of stocks data screen\u003cbr/\u003e25. Mid of revolving sphere in lobby, reading: (English) \"London Stock Exchange\"\u003cbr/\u003e26. Close-up of coat of arms between data screens\u003cbr/\u003e27. Various of Michael Hewson, Chief Markets Analyst, CMC Markets UK, looking at phone \u003cbr/\u003e28. SOUNDBITE: (English) Michael Hewson, Chief Markets Analyst, CMC Markets UK:\u003cbr/\u003e\"Essentially, I judge retail sales growth over the course of a 12 month period, not a one month period or a two month period. These things are cyclical. You can get a very good month one month, you can get a very bad month the next month. You take the West for example. You usually get a big push just before Christmas, or just before Easter, and then you get a drop off after that.\"\u003cbr/\u003e29. 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