757:
150:
305:
In 2016, the Al Rayan Bank was named as the third fastest growing bank in the UK by 'Bank League Tables 2017', a complete financial analysis of all 155 UK incorporated banks, published by
Searchline Publishing. Commercial property finance increased by 44% to £396.5m in 2016 becoming the fastest
322:
In 2022 the Bank announced that it intended to become a financial institution which is focused on premier banking and property, mainly high value residential investments, to deliver a viable, resilient, Sharia compliant business. Al Rayan Bank said its existing retail banking business will be
213:
compliant financial service products to customers of any faith. The Bank serves its
Premier and Commercial customers through Relationship Managers based in London. Retail customers are served through the Bank's Digital Banking and Telephone Banking services.
313:
assigned a Aa3 deposit rating to Al Rayan Bank in
November 2017. Later that month the Bank's previous CEO, Sultan Choudhury was appointed an OBE for his services to Islamic finance by His Royal Highness Prince William, Duke of Cambridge.
797:
396:
790:
638:
286:
and subsequently by on-going weak macroeconomic conditions. Despite, this IBB continued to grow and in 2012 attained the highest level of retail asset finance and deposit balances in its history.
254:
by early 2003. In the same period, its first managing director, Michael Hanlon was recruited. Later that year, a draft business plan was proposed and formal application to the FSA was submitted.
783:
306:
growing element of Al Rayan Bank's property portfolio. This was followed in 2017 by the Bank posting record pre-tax profits of £8.2m and announcing that it had over 77,000 customers.
1359:
297:
In
December 2014, Islamic Bank of Britain officially changed its name to Al Rayan Bank PLC, to reflect its status as part of the Masraf Al Rayan (MAR) group of companies.
406:
220:
The bank has a Sharia department and an independent Sharia
Supervisory Committee to ensure that its products are compliant with the principles of Islamic finance.
737:
646:
608:
715:
454:
428:
85:
257:
By August 2004, the FSA granted authorisation of the bank, and subsequently led to the
Islamic Bank of Britain becoming available to the public.
586:
235:
in the UK. In July 2002, consultants and advisors were employed to confirm if such type of bank was needed and if it would be accepted by the
217:
The bank welcomes people of all faiths and has become popular with many non-Muslims looking for an ethical alternative to conventional banks.
1374:
1369:
261:
40:
806:
1364:
502:
283:
1288:
1108:
668:
294:
On 16 January 2014, IBB confirmed that its new parent company was Masraf Al Rayan, one of the largest
Islamic banks in the world.
1012:
556:
274:, 4 Stratford Place. The Grade II listed mansion houses the Bank's Board, Executive, Commercial and Premier Banking divisions.
1125:
231:
Islamic Bank of
Britain was formed by a group of investors from the Middle East to take advantage of the growing market for
1150:
815:
480:
1271:
236:
1155:
1227:
956:
1338:
1200:
1017:
534:
616:
343:
458:
693:
1379:
1091:
944:
432:
1160:
1113:
865:
309:
Al Rayan Bank became the only UK Islamic bank to receive an official rating when global credit agency
251:
1276:
902:
888:
775:
1175:
1022:
1320:
1185:
271:
95:
1301:
326:
This change of strategy was one of the reasons behind the Bank posting record profits for 2022.
1294:
1170:
871:
738:"Al Rayan Bank delivers record year following renewed focus on commercial and premier banking"
401:
247:
1265:
1258:
1251:
1245:
1205:
966:
897:
1328:
1215:
1210:
1103:
1032:
976:
839:
509:
348:
232:
206:
938:
1220:
1180:
1086:
950:
907:
282:
Like all financial institutions, the Bank was adversely affected firstly by the global
171:
81:
67:
17:
564:
1353:
1282:
1165:
1145:
1135:
1050:
923:
75:
371:
1195:
1118:
1055:
1045:
996:
860:
762:
243:
770:
39:
990:
961:
912:
877:
1307:
1190:
1140:
752:
716:"Al Rayan Bank to expand residential investment finance and premier divisions"
310:
142:
669:"Moody's assigns a Aa3 deposit rating to Al Rayan Bank PLC; outlook negative"
1130:
1081:
1040:
260:
Giles
Cunningham is the current CEO of Al Rayan Bank; he joined the Bank in
397:"It isn't only Muslims who are buying ethical products with rising returns"
344:"Al Rayan Bank PLC overview - Find and update company information - GOV.UK"
1096:
833:
824:
639:"Islamic bank opens new London office to meet commercial finance demand"
932:
134:
984:
267:
210:
113:
1060:
851:
250:
document which allowed the company to raise £14 million in
779:
153:
557:"New home secured for Al Rayan Bank at 4 Stratford Place, W1"
323:
maintained, but will not be the primary focus in the future.
290:
The acquisition of
Islamic Bank of Britain by Masraf Al Rayan
209:
in the United Kingdom, established in August 2004 to offer
185:
587:"Masraf Al Rayan expanding global footprint with IBB buy"
1236:
1069:
1031:
1005:
975:
921:
886:
849:
822:
223:As of 2020, Al Rayan Bank served 80,000 customers.
180:
170:
160:
140:
130:
120:
109:
101:
91:
73:
63:
46:
242:Potential investors were invited, mainly from the
807:Commercial and retail banks in the United Kingdom
429:"The Best Savings Accounts You've Never Heard Of"
266:In 2022, the Bank acquired a new headquarters in
694:"Al Rayan CEO receives OBE from Prince William"
791:
613:searchlinepublishing.co.uk/bank-league-tables
8:
609:"BANK LEAGUE TABLES – Searchline Publishing"
537:. Financial Services Authority. 13 June 2006
32:
798:
784:
776:
38:
31:
27:Sharia-compliant commercial bank in the UK
1360:2004 establishments in the United Kingdom
457:. Islamic Bank of Britain. Archived from
53:Islamic House of Britain PLC (2002–2004)
335:
56:Islamic Bank of Britain PLC (2004–2014)
7:
233:Sharia compliant financial services
25:
156:30.61 million (2023 pre-tax)
1013:National Savings and Investments
755:
535:"Regulation and Islamic finance"
431:. Yahoo! Finance. Archived from
149:
148:
771:Q & A Islamic Finance (BBC)
483:. 5 Pillars UK. 30 October 2020
201:(مصرف الريان formerly known as
1:
1272:Cambridge & Counties Bank
816:Banking in the United Kingdom
284:financial crisis of 2007–2008
405:. 3 May 2015. Archived from
237:Financial Services Authority
1375:Islam in the United Kingdom
1370:Banks of the United Kingdom
1396:
1365:Banks established in 2004
1339:UK Government Investments
1316:
1246:Arbuthnot Latham & Co
1018:UK Government Investments
813:
37:
481:"5 Pillars article 2020"
278:Macroeconomic conditions
957:Holt's Military Banking
682:(subscription required)
643:Bridging and commercial
203:Islamic Bank of Britain
18:Islamic Bank of Britain
1092:Allied Irish Bank (GB)
945:Royal Bank of Scotland
126:Giles Cunningham (CEO)
1114:The Co-operative Bank
561:Commercial News Media
372:"Values and heritage"
246:, who put together a
1277:Close Brothers Group
903:Birmingham Midshires
889:Lloyds Banking Group
1337:Partially owned by
1302:Rothschild & Co
1023:UK Asset Resolution
619:on 14 November 2017
567:on 11 December 2023
455:"Vision and values"
162:Number of employees
34:
1186:Standard Chartered
1006:Wholly state-owned
718:. 17 February 2022
696:. 13 November 2017
515:on 19 October 2007
435:on 5 December 2009
96:Financial services
1347:
1346:
1295:Kleinwort Hambros
1266:C. Hoare & Co
1237:Other commercial
1171:Secure Trust Bank
872:HSBC Private Bank
671:. 1 November 2017
589:. 16 January 2014
402:Independent.co.uk
248:private placement
199:Al Rayan Bank PLC
196:
195:
33:Al Rayan Bank PLC
16:(Redirected from
1387:
1259:Butterfield Bank
1252:Bank and Clients
1206:Unity Trust Bank
1176:Sainsbury's Bank
1033:Challenger banks
967:Isle of Man Bank
951:Messrs. Drummond
939:Coutts & Co.
898:Bank of Scotland
800:
793:
786:
777:
765:
760:
759:
758:
742:
741:
734:
728:
727:
725:
723:
712:
706:
705:
703:
701:
690:
684:
683:
680:
678:
676:
665:
659:
658:
656:
654:
649:on 31 March 2024
645:. Archived from
635:
629:
628:
626:
624:
615:. Archived from
605:
599:
598:
596:
594:
583:
577:
576:
574:
572:
563:. Archived from
553:
547:
546:
544:
542:
531:
525:
524:
522:
520:
514:
508:. Archived from
507:
499:
493:
492:
490:
488:
477:
471:
470:
468:
466:
451:
445:
444:
442:
440:
425:
419:
418:
416:
414:
393:
387:
386:
384:
382:
368:
362:
361:
359:
357:
340:
252:start up capital
192:
189:
187:
166:Circa 200 (2022)
152:
151:
42:
35:
21:
1395:
1394:
1390:
1389:
1388:
1386:
1385:
1384:
1350:
1349:
1348:
1343:
1312:
1238:
1232:
1216:Clydesdale Bank
1104:Bank of Ireland
1065:
1027:
1001:
977:Santander Group
971:
917:
882:
845:
840:Barclays Wealth
818:
809:
804:
761:
756:
754:
751:
746:
745:
736:
735:
731:
721:
719:
714:
713:
709:
699:
697:
692:
691:
687:
681:
674:
672:
667:
666:
662:
652:
650:
637:
636:
632:
622:
620:
607:
606:
602:
592:
590:
585:
584:
580:
570:
568:
555:
554:
550:
540:
538:
533:
532:
528:
518:
516:
512:
505:
501:
500:
496:
486:
484:
479:
478:
474:
464:
462:
461:on 7 April 2014
453:
452:
448:
438:
436:
427:
426:
422:
412:
410:
395:
394:
390:
380:
378:
370:
369:
365:
355:
353:
349:Companies House
342:
341:
337:
332:
320:
303:
292:
280:
229:
207:commercial bank
184:
176:Masraf Al Rayan
163:
145:
123:
78:
59:
28:
23:
22:
15:
12:
11:
5:
1393:
1391:
1383:
1382:
1377:
1372:
1367:
1362:
1352:
1351:
1345:
1344:
1342:
1341:
1335:
1321:Big Four banks
1317:
1314:
1313:
1311:
1310:
1305:
1298:
1291:
1286:
1279:
1274:
1269:
1262:
1255:
1248:
1242:
1240:
1234:
1233:
1231:
1230:
1225:
1224:
1223:
1221:Yorkshire Bank
1218:
1208:
1203:
1198:
1193:
1188:
1183:
1181:Shawbrook Bank
1178:
1173:
1168:
1163:
1158:
1153:
1148:
1143:
1138:
1133:
1128:
1123:
1122:
1121:
1111:
1106:
1101:
1100:
1099:
1094:
1087:AIB Group (UK)
1084:
1079:
1073:
1071:
1067:
1066:
1064:
1063:
1058:
1053:
1048:
1043:
1037:
1035:
1029:
1028:
1026:
1025:
1020:
1015:
1009:
1007:
1003:
1002:
1000:
999:
994:
987:
981:
979:
973:
972:
970:
969:
964:
959:
954:
947:
942:
935:
929:
927:
919:
918:
916:
915:
910:
905:
900:
894:
892:
884:
883:
881:
880:
875:
868:
863:
857:
855:
847:
846:
844:
843:
836:
830:
828:
820:
819:
814:
811:
810:
805:
803:
802:
795:
788:
780:
774:
773:
767:
766:
750:
749:External links
747:
744:
743:
729:
707:
685:
660:
630:
600:
578:
548:
526:
494:
472:
446:
420:
388:
363:
352:. 11 July 2002
334:
333:
331:
328:
319:
316:
302:
299:
291:
288:
279:
276:
228:
225:
194:
193:
182:
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168:
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146:
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138:
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128:
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121:
118:
117:
111:
107:
106:
103:
99:
98:
93:
89:
88:
79:
74:
71:
70:
65:
61:
60:
58:
57:
54:
50:
48:
44:
43:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1392:
1381:
1380:Islamic banks
1378:
1376:
1373:
1371:
1368:
1366:
1363:
1361:
1358:
1357:
1355:
1340:
1336:
1334:
1331:are shown in
1330:
1329:private banks
1326:
1322:
1319:
1318:
1315:
1309:
1306:
1304:
1303:
1299:
1297:
1296:
1292:
1290:
1287:
1285:
1284:
1283:Duncan Lawrie
1280:
1278:
1275:
1273:
1270:
1268:
1267:
1263:
1261:
1260:
1256:
1254:
1253:
1249:
1247:
1244:
1243:
1241:
1235:
1229:
1228:Wesleyan Bank
1226:
1222:
1219:
1217:
1214:
1213:
1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
1182:
1179:
1177:
1174:
1172:
1169:
1167:
1166:Reliance Bank
1164:
1162:
1159:
1157:
1154:
1152:
1149:
1147:
1146:Kent Reliance
1144:
1142:
1139:
1137:
1136:Handelsbanken
1134:
1132:
1129:
1127:
1124:
1120:
1117:
1116:
1115:
1112:
1110:
1107:
1105:
1102:
1098:
1095:
1093:
1090:
1089:
1088:
1085:
1083:
1080:
1078:
1077:Al Rayan Bank
1075:
1074:
1072:
1068:
1062:
1059:
1057:
1054:
1052:
1051:Starling Bank
1049:
1047:
1044:
1042:
1039:
1038:
1036:
1034:
1030:
1024:
1021:
1019:
1016:
1014:
1011:
1010:
1008:
1004:
998:
995:
993:
992:
988:
986:
983:
982:
980:
978:
974:
968:
965:
963:
960:
958:
955:
953:
952:
948:
946:
943:
941:
940:
936:
934:
931:
930:
928:
926:
925:
924:NatWest Group
920:
914:
911:
909:
906:
904:
901:
899:
896:
895:
893:
891:
890:
885:
879:
876:
874:
873:
869:
867:
864:
862:
859:
858:
856:
854:
853:
852:HSBC Holdings
848:
842:
841:
837:
835:
834:Barclays Bank
832:
831:
829:
827:
826:
821:
817:
812:
808:
801:
796:
794:
789:
787:
782:
781:
778:
772:
769:
768:
764:
753:
748:
739:
733:
730:
717:
711:
708:
695:
689:
686:
670:
664:
661:
648:
644:
640:
634:
631:
618:
614:
610:
604:
601:
588:
582:
579:
566:
562:
558:
552:
549:
536:
530:
527:
511:
504:
498:
495:
482:
476:
473:
460:
456:
450:
447:
434:
430:
424:
421:
409:on 4 May 2015
408:
404:
403:
398:
392:
389:
377:
376:Al Rayan Bank
373:
367:
364:
351:
350:
345:
339:
336:
329:
327:
324:
317:
315:
312:
307:
300:
298:
295:
289:
287:
285:
277:
275:
273:
269:
264:
263:
258:
255:
253:
249:
245:
240:
238:
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226:
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221:
218:
215:
212:
208:
204:
200:
191:
183:
179:
175:
173:
169:
165:
159:
155:
147:
144:
139:
136:
133:
129:
125:
119:
115:
112:
108:
104:
100:
97:
94:
90:
87:
83:
80:
77:
72:
69:
66:
62:
55:
52:
51:
49:
45:
41:
36:
30:
19:
1332:
1324:
1300:
1293:
1281:
1264:
1257:
1250:
1211:Virgin Money
1196:Triodos Bank
1151:Kingdom Bank
1076:
1070:Other retail
997:Santander UK
989:
949:
937:
922:
887:
878:M&S Bank
870:
866:HSBC UK Bank
861:First Direct
850:
838:
823:
763:Banks portal
732:
722:15 September
720:. Retrieved
710:
698:. Retrieved
688:
673:. Retrieved
663:
651:. Retrieved
647:the original
642:
633:
621:. Retrieved
617:the original
612:
603:
591:. Retrieved
581:
569:. Retrieved
565:the original
560:
551:
541:22 September
539:. Retrieved
529:
517:. Retrieved
510:the original
503:"Prospectus"
497:
485:. Retrieved
475:
463:. Retrieved
459:the original
449:
437:. Retrieved
433:the original
423:
411:. Retrieved
407:the original
400:
391:
379:. Retrieved
375:
366:
354:. Retrieved
347:
338:
325:
321:
318:New strategy
308:
304:
301:Rapid growth
296:
293:
281:
265:
259:
256:
244:Persian Gulf
241:
230:
222:
219:
216:
202:
198:
197:
110:Headquarters
64:Company type
29:
1289:J.P. Morgan
1239:and private
1126:Danske Bank
1056:Tandem Bank
991:Cater Allen
962:Ulster Bank
913:Lloyds Bank
623:13 November
593:13 November
519:13 November
413:13 November
356:13 February
262:April 2021.
186:alrayanbank
1354:Categories
1325:underlined
1308:Weatherbys
1191:Tesco Bank
1156:Metro Bank
1141:Hodge Bank
675:1 November
439:2 December
330:References
143:Net income
122:Key people
1131:easyMoney
1082:Aldermore
1041:Atom Bank
76:Traded as
1201:TSB Bank
1097:AIB (NI)
825:Barclays
653:31 March
571:31 March
381:22 March
272:West End
131:Products
92:Industry
47:Formerly
1333:italics
1161:Paragon
933:NatWest
908:Halifax
487:21 July
465:2 April
311:Moody's
239:, FSA.
227:History
205:) is a
181:Website
135:Banking
102:Founded
84::
985:Cahoot
700:15 May
268:London
211:Sharia
172:Parent
114:London
68:Public
1119:Smile
1109:Chase
1046:Monzo
513:(PDF)
506:(PDF)
1327:and
1323:are
1061:Zopa
724:2022
702:2019
677:2017
655:2024
625:2017
595:2017
573:2024
543:2007
521:2017
489:2017
467:2014
441:2009
415:2017
383:2024
358:2024
116:, UK
105:2004
86:MARK
270:'s
190:.uk
188:.co
154:GBP
1356::
641:.
611:.
559:.
399:.
374:.
346:.
82:QE
799:e
792:t
785:v
740:.
726:.
704:.
679:.
657:.
627:.
597:.
575:.
545:.
523:.
491:.
469:.
443:.
417:.
385:.
360:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
