Al Rayan Bank

Al Rayan Bank is a UK Islamic banking brand formerly known as Islamic Bank of Britain. It serves the UK market with Sharia-compliant personal banking, home finance, savings and business banking products. Its offerings generally avoid conventional interest-based arrangements and use structures designed to comply with Islamic finance principles. The bank serves personal savers, home buyers, businesses and selected institutional customers. Al Rayan Bank is controlled by Qatar-based Masraf Al Rayan and functions as that Islamic finance group's UK banking platform. Publicly verified information available for this entry is insufficient to provide a complete account of its current branches, management team or financial performance, so unverified financial figures and executive details are omitted.

Al Rayan Bank originated as Islamic Bank of Britain, established in the United Kingdom in the early twenty-first century to provide Sharia-compliant banking services to consumers and businesses. It was later rebranded as Al Rayan Bank, reflecting its relationship with Qatar-based Masraf Al Rayan and the development of a wider group identity. Following the rebrand, the bank continued to offer personal banking, savings, home finance and business finance products while operating as an Islamic bank within the UK regulatory framework. The available material for this entry does not provide enough verifiable sourcing for a detailed account of capital changes, branch expansion, past management or recent financial performance, so those matters are not expanded here.

• 2014
• 2004

• Home Purchase Plans

  A Sharia-compliant home-finance offering for customers purchasing residential property. Rather than using a conventional interest-bearing mortgage structure, it is generally arranged around co-ownership, leasing or the gradual transfer of ownership, making it a significant personal-finance line for the bank.

• Savings Accounts

  Savings products for UK personal customers, with return structures designed around Islamic finance principles. Account types, eligibility and returns may change according to the bank's product policy; no unverified rates are stated here.

• Business Banking

  Banking services for business customers, including business accounts and finance related to commercial activity. This extends Al Rayan Bank's Islamic-finance positioning beyond personal savings and home finance.