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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, one of the UK’s largest Islamic banks, has donated £74,578 to ten diverse charities, each receiving £7,457.80 to support their vital work.
Al Rayan Bank, the UK’s leading and most successful Islamic bank, has published its first-ever sustainability report, marking a year of significant progress in its environmental, social, and governance (ESG) initiatives.
