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.

Al Rayan Bank - the UK’s most successful Sharia compliant bank - has opened a new 8,853sq ft office in Birmingham reaffirming its continued investment in the city.