Al Rayan Bank signage Head Office, London

Al Rayan Bank delivers strong performance in 2024 with double-digit growth

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.
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Preview Giles Cunningham, CEO of Al Rayan Bank
Al Rayan Bank has appointed Giles Cunningham as its Chief Executive Officer, pending regulatory approval.
Preview Maisam Fazal, Chief Commercial Officer
Al Rayan Bank, the UK’s oldest and largest Islamic bank, has announced that it has now financed more than £1.2bn in Commercial Property Finance (CPF) since 2013.
Preview Caroline Bradley
Al Rayan Bank has appointed Caroline Bradley to its board as an Independent Non-Executive Director and Chair of the Bank’s audit committee.