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 Savings money in a jar
Al Rayan Bank, the UK’s leading Islamic bank, has partnered with the award-winning cash savings platform, Raisin UK.
Preview Al Rayan Bank branding at its Knightsbridge Premier branch
The bank produced a record financial performance for the 12-month period ending 31 December 2022, becoming the UK’s most profitable Islamic bank ever
Preview Old Works, High Wycombe
Retail estate investment and development company MCR Property has secured a £30m refinancing deal through Al Rayan Bank for its residential development in High Wycombe, due for completion in 2023.