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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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Preview Naomi
I first joined Al Rayan Bank as a Know Your Customer (KYC) Analyst, before being given the opportunity to step up as a KYC Team Leader when the Centre of Excellence team was first created.
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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.