Al Rayan Bank holds Eid dinner for its Edgware Road branch customers

23 July 2015

The Bank also announces a Sharia compliant finance Q&A for September

Al Rayan Bank has thanked customers in London by hosting a special Eid Ul Fitr dinner on 22 July 2015. The dinner was designed to celebrate Eid and thank customers for their ongoing support. Customers in London have helped the Bank to achieve the most successful year in its 11 year history, as 2014 saw a 168% increase in operating income, an 86% increase in customer financing and a 59% increase in retail deposits. The Bank also posted a profit for the first time.

The Eid dinner was held at Beirut Café and was attended by 28 guests. It gave customers an opportunity to meet friends and Al Rayan Bank employees in a relaxed and informal environment.

Saquib Ismail, Senior Sales Manager, Al Rayan Bank said: “Al Rayan Bank is proud to work closely with our customers, and support them to meet their banking needs, be that saving for their families’ futures, owning their own homes or running their businesses, without compromising their beliefs.

We work hard to support the success of our customers, employees and the communities that we serve. That’s why we are so pleased to be able to hold an Eid dinner as a personal ‘thank you’ for our customers.”

As part of its ongoing commitment to its customers, Al Rayan Bank will also be holding an in-branch Sharia compliant finance question and answer session for existing and prospective customers at its Edgware Road branch in September. The event is designed to promote greater understanding of Sharia compliant banking.

Following an overview of Al Rayan Bank’s products and services by [insert name], branch manager, there will be a presentation on Sharia compliant finance by Samir Alamad, Head of Sharia Compliance & Product Development at Al Rayan Bank. The presentation will cover how the Bank operates differently to conventional banks. This will be followed by a Q&A session and refreshments will be available.

Al Rayan Bank has been a pioneer of British retail Islamic banking for over 10 years, and is dedicated to strong, faith-based ethics and great customer service. The only wholly Sharia compliant retail bank in the UK, it currently has over 60,000 retail, business and premier customers and has earned a reputation for providing innovative products which appeal to people of all faiths and none. This approach has helped it to achieve global recognition for its outstanding success* and maintain a prolonged period at the top of the best buy savings tables in the UK**. The Bank has also been recognised as an ethical alternative to conventional banks by the Move Your Money campaign and Ethical Consumer magazine, which places Al Rayan Bank in the top ten of ethical current account providers.

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of Financial Services Compensation Scheme.

^The Edgware Road branch of Al Rayan Bank is located at 77-79 Edgware Road, London, W2 2HZ

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* May 2015, Al Rayan Bank PLC was named by Global Finance magazine as one of the best Islamic banks in the world, in its annual list of the World’s Best Islamic Financial Institutions. This is the second time that Al Rayan Bank has won the award, formerly winning under its previous name of Islamic Bank of Britain in 2009.

** From December 2012 to July 2015, the Bank has consistently offered at least one savings account with the UK’s highest rate of return, according to the Moneyfacts and This is Money best buy tables.

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