Al Rayan Bank (formerly Islamic Bank of Britain, IBB) is the UK’s only wholly Sharia compliant retail bank. We’ve been pioneering British Islamic banking since 2004.
By solely focusing on banking activities which are compliant with Islamic law, Al Rayan Bank is able to make a significant and lasting difference to Muslims throughout the UK, helping them to save for their families’ futures, expand their businesses or buy their own homes, without compromising their beliefs.
Islamic banking operates without the use of interest and is founded on Islamic finance principles derived from trade, entrepreneurship and risk-sharing. Al Rayan Bank has a dedicated Sharia Compliance Officer (SCO) and a panel of respected Sharia Scholars, called the Sharia Supervisory Committee (SSC), which acts as an independent body to guarantee that its products and activities are Sharia compliant.
With a strategically located branch and agency network throughout the UK, a highly trained contact centre, secure online banking services and 24 hour automated telephone banking, Al Rayan Bank provides Sharia compliant savings, finance and current account services to over 50,000 personal, business and premier customers.
Al Rayan Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our firm reference number is 229148.
Al Rayan Bank is incorporated and registered in England and Wales with Registration No. 4483430. Registered Office: Registered office: 44 Hans Crescent, Knightsbridge, London, SW1X 0LZ.
The parent company, and majority shareholder, of Al Rayan Bank PLC is Al Rayan (UK) Limited, the UK subsidiary of Masraf Al Rayan (MAR) Q.S.C.
MAR is a Qatar-based Islamic bank providing banking, financial, investment and brokerage services through a network of 12 branches located across Qatar. The Bank was incorporated in January 2006 and is licensed by Qatar Central Bank. MAR is the second largest bank in Qatar by market value.