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Al Rayan Bank UK

Made Today

مصرف الريان البريطاني

A British commercial bank in London, established in August 2004 as the Islamic Bank of Britain to offer Sharia-compliant products to customers of any faith; it became part of Qatar's Masraf Al Rayan group in 2014.

Depth

At a glance

Region
al-Andalus & Europe
Identifiers
Wikidata

Trade and financeThe halal economy

In the Modern Islam Browser

Modern Islam BrowserEnterprise, brands and finance2004United Kingdom

Footprint

On Wikipedia in:arbndeenfapauruz (read on 2026-11-06)

Wikidata:Q1605458

Summary

Al Rayan Bank PLC, formerly the Islamic Bank of Britain, is a UK commercial bank established in August 2004 to offer Sharia-compliant financial products to customers of any faith. 1 It has become popular with many non-Muslims looking for an ethical alternative to conventional banks. 1 It has a Sharia department and an independent Sharia Supervisory Committee to ensure its products comply with the principles of Islamic finance. 1

Founding

A group of Middle Eastern investors formed it; it raised £14 million in start-up capital by early 2003, and the Financial Services Authority authorised it in August 2004. 1

In the Al Rayan group

On 16 January 2014 the bank confirmed Qatar's Masraf Al Rayan as its new parent, and in December 2014 it changed its name to Al Rayan Bank. 1 The Bank League Tables 2017 named it the UK's third fastest-growing bank for 2016, and in November 2017 Moody's assigned it an Aa3 deposit rating. 1 That month its former chief executive Sultan Choudhury was appointed OBE for services to Islamic finance. 1

Today

It served 80,000 customers in 2020. 1 Giles Cunningham has led it since April 2021; in 2022 it moved to a new headquarters at 4 Stratford Place, London, and announced a focus on premier banking and high-value residential property. 1

References

  • English Wikipedia, "Al Rayan Bank UK", revision 1380887443. 1

People and things also explored

Islamic banks and conventional banks — the difference, the doubts and the performance· Abu Dhabi Islamic Bank· Alrajhi Bank· Alinma Bank· Bank Albilad· Dubai Islamic Bank· Dukhan Bank· Emirates Islamic

Sources

  1. Al Rayan Bank UK — English Wikipedia
  • Wikidata
Cite this page

islam.museum contributors. “Al Rayan Bank UK”. islam.museum, https://islam.museum/en/listing/al-rayan-bank-uk/. CC BY-SA 4.0. Last updated 2026-11-06.

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