Sultan Choudhury receives an OBE in the Queen’s Birthday Honours

We are incredibly proud to announce that our Chief Executive Officer, Sultan Choudhury, has been named an Officer of the Most Excellent Order of the British Empire (OBE) by Her Majesty Queen Elizabeth II, in recognition of his services to Islamic finance.

Sultan was named as an OBE in the Queen’s Birthday Honours list, and will collect his award from a member of the royal family later this year. We look forward to sharing the pictures of that event in Good Money!

In the meantime, Sultan said of receiving his OBE: "It is a great privilege to receive this honour from Her Majesty the Queen. The last 13 years represent a tremendous, but sometimes difficult, journey to establish Islamic finance as an alternative to conventional finance in the UK. Islamic finance is based on ethical and faith based universal values which are good for society, embodying social justice, transparency and the equitable sharing of risk and reward. These values ensure that Islamic finance appeals, not only to Muslims, but to people of all faiths and none.”

Sultan has been absolutely fundamental to the success of the Bank. From his time in the founding management team that obtained Western Europe’s first authorised Islamic banking licence in 2004 to today – when Al Rayan Bank is the UK’s largest Islamic bank,* one of the fastest growing banks in the country,** and offers the some of the highest rates of return of any savings bank in Britain – Sultan has taken the lead every step of the way. It continues to be an incredible journey, and none of it would have been possible without you, our customers.

To find out more information about Sultan’s tireless efforts to ensure the success of Al Rayan Bank, please read our press release here

* Based on latest ‘published accounts as of May 2017
** In 2016, the Bank was named as the third fastest growing bank in the UK by pre-tax by profits, in a complete financial analysis of all 155 UK incorporated banks. Source: Bank League Tables 2017, a complete financial analysis of all 155 UK incorporated banks, Searchline Publishing 2017

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