AlRayan Bank, the UK’s largest and most successful Sharia-compliant bank, has announced that its total assets have exceeded £3 billion for the first time in its history. This significant achievement underscores the Bank’s sustained growth and strategic transformation, reinforcing its position as the leading force in Islamic finance in the UK.

Al Rayan Bank, the UK’s most successful Sharia-compliant bank, recorded double digit growth in total assets in the year ending 31 December 2024 as the bank continued to expand its financing books in commercial property finance (CPF) and premier banking.

The Bank reached £2.84 billion in assets – up 14 per cent on the previous year – with pre-tax profits reaching £23.47 million, the second highest financial performance in its history.

Al Rayan Bank, the UK’s most successful Sharia compliant bank, has confirmed a major funding facility arranged by one of the world’s largest banking institutions, Mitsubishi UFJ Financial Group (MUFG), as part of its ongoing strategy to diversify its funding structure.