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AlRayan Bank UK surpasses £3 billion in assets, marking a major milestone in UK Islamic banking

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.
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On Wednesday 2 December, the Bank of England published a speech titled ‘why Islamic finance has an important role to play in supporting the recovery from Covid – and how the Bank of England’s new Alternative Liquidity Facility can help’.