Al Rayan Bank PLC is the UK's oldest and largest Sharia-compliant ethical Islamic bank. Founded in 2004 (as Islamic Bank of Britain and rebranded in 2014), it serves individuals, businesses, and charities with a range of financial products and services that are entirely compliant with Islamic finance principles. These include savings accounts, home and property finance (Islamic mortgages), and business banking solutions. The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA, offering customers the security of the Financial Services Compensation Scheme (FSCS). Al Rayan Bank is committed to ethical banking, avoiding investments in industries such as alcohol, gambling, tobacco, and arms.
The headquarters in Birmingham serves as the central administrative and operational hub for Al Rayan Bank. It houses key departments including executive management, risk, compliance, finance, IT, human resources, and customer service operations for its UK-wide services.
The headquarters is a modern office facility designed to support efficient banking operations and provide a conducive work environment for its staff. It's equipped with contemporary technology and infrastructure.
Al Rayan Bank fosters a work culture rooted in its ethical and Sharia-compliant principles. This includes an emphasis on integrity, customer focus, community engagement, and inclusivity. Employees are encouraged to contribute to the bank's mission of providing ethical financial solutions.
The Birmingham headquarters is significant as it underpins the operations of the UK's leading Islamic bank, playing a crucial role in delivering Sharia-compliant financial services to a growing customer base across the country.
Al Rayan Bank PLC operates primarily within the United Kingdom. While it is a subsidiary of Masraf Al Rayan Q.P.S.C., a Qatar-based financial institution, Al Rayan Bank's direct branch and operational network is focused on serving the UK market. It caters to UK residents, including expatriates and international individuals who require UK-based Sharia-compliant banking facilities. Its services can be accessed nationally through online and telephone banking, in addition to its physical branches.
4400 Coventry Road
Birmingham
West Midlands
United Kingdom
Address: 77-79 Edgware Road, London, W2 2HZ, United Kingdom
To provide accessible Sharia-compliant banking services in a major global financial hub and cater to the significant Muslim population and business community in London and the South East.
Address: 127-131 Wilmslow Road, Manchester, M14 5AG, United Kingdom
To cater to the banking needs of individuals and businesses in Greater Manchester and surrounding areas, offering local access to Islamic financial products and expertise.
Address: 112-114 Evington Road, Leicester, LE2 1HL, United Kingdom
To serve the local community in Leicester with accessible and ethical Sharia-compliant financial services, supporting personal and business financial goals.
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As of April 2025, Al Rayan Bank UK' leadership includes:
Al Rayan Bank UK has been backed by several prominent investors over the years, including:
Al Rayan Bank has seen some key appointments to strengthen its leadership team over the past year, notably enhancing its financial and commercial operations expertise. The focus appears to be on strategic growth and service enhancement.
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Al Rayan Bank commonly uses the [firstinitial][lastname]@alrayanbank.co.uk and [firstname].[lastname]@alrayanbank.co.uk email formats for its employees. Understanding these formats can be useful for professional communication.
[firstinitial][lastname]@alrayanbank.co.uk or [firstname].[lastname]@alrayanbank.co.uk
Format
g.cunningham@alrayanbank.co.uk
Example
85%
Success rate
Moneyfacts.co.uk • February 7, 2024
Al Rayan Bank has increased the Expected Profit Rate on its 12-month and 24-month Fixed Term Deposit accounts, making them more competitive in the Sharia-compliant savings market....more
Mortgage Solutions • October 26, 2023
Al Rayan Bank introduced new 95% finance-to-value (FTV) Home Purchase Plans, aiming to support aspiring homeowners, including first-time buyers, with smaller deposits....more
Al Rayan Bank Press Release (or relevant financial news outlet) • May 16, 2023
Al Rayan Bank announced the appointment of Peter Dickman as its new Chief Financial Officer, strengthening its executive leadership team....more
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