Al Rayan Bank Plc

 (3.2; 14 ratings)
3.2 14
Business Focus
Sharia retail banking

Al Rayan Bank is the only Sharia compliant retail bank operating in the United Kingdom. Al Rayan Bank provides Sharia compliant savings, finance and current accounts to personal, business and premier customers. Al Rayan Bank Plc is owned by Masraf Al Rayan (MAR) Q.S.C. MAR is a Qatar-based Islamic bank providing banking, financial, investment and brokerage services.

Financials

Total Assets (2018)
1,965.68 mln GBP  (+8.82%)
Annual Profit (2018)
6.43 mln GBP  (-25.41%)

Al Rayan Bank Plc is the 77th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 1 965,68 mln GBP, providing the bank with the market share of 0.02%. In 2018 the bank's annual profit was 6,43 mln GBP.

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Al Rayan Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Al Rayan Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

Edgbaston House, 3 Duchess Place, B16 8NH, Birmingham, United Kingdom
44 1214527300

Al Rayan Bank Plc is headquartered in Birmingham.

Bank Identifiers

LEI
213800AINT5U4D66UA65
Company Number
04483430
MFI ID
GB1489

Bank History

Start Date
July 2002
Previous Name
Islamic Bank of Britain plc