Al Rayan Bank sponsors first Muslim Lifestyle Expo

28 July 2015

Muslim Lifestyle Expo 2015 brings together the best ethical products and services from around the world.

Al Rayan Bank has announced its sponsorship and participation in a brand new event, dedicated to showcasing and celebrating the thriving and vibrant British Muslim lifestyle. The first event of its kind in the UK, Muslim Lifestyle Expo 2015 is an inclusive event that is open to people of all faiths. The event is to be held at the Ricoh Arena, Coventry on 1-2 August 2015.

Al Rayan Bank will use the event to showcase the range of Sharia compliant banking products that it offers. The Bank’s research* indicates that 81% of Muslims either currently use, or would consider using, Islamic finance. In addition, a growing number of non-Muslims are choosing to bank with Al Rayan Bank, attracted to the Bank by its competitive products, its ethical approach to banking and its excellent customer service.

Sultan Choudhury, CEO, Al Rayan Bank, said: “We’re really pleased to be able to support the inaugural Muslim Lifestyle Expo 2015. The event provides an ideal opportunity for us to connect with many of the communities we serve, to educate about the importance of Sharia compliant finance for Muslims, and to tell people more about Al Rayan Bank and how our products and services differ from those offered by conventional banks.

Al Rayan Bank has pioneered Sharia compliant retail banking in the UK for the last 11 years, and through our experience and research, we have come to understand both the needs of the Muslim audience and the rapidly growing trend for non-Muslims to engage with our products and services because of the strong ethical foundations upon which they are built.”

In addition to Al Rayan Bank, there will be more than 70 other exhibitors, enabling visitors to find out about a wide range of products and services that are in-line with their values. In addition to Islamic finance, other sectors represented at Muslim Lifestyle Expo 2015 include Lifestyle, Travel, Food & Drink, Fashion, Creative Arts, and Health & Beauty. For more information about Muslim Lifestyle Expo 2015, please go to: http://www.muslimlifestyleexpo.co.uk/

Al Rayan Bank opened its doors in 2004 as the UK’s first and only wholly Sharia compliant retail bank. Today, it has more than 60,000 retail, business and premier customers and has earned a reputation for providing innovative products which appeal to people of any faith. Global Finance magazine named it as one of the best Islamic banks in the world in May 2015, and has maintained a long reign over 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.

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*The survey was conducted by independent research company, 2Europe, on behalf of Al Rayan Bank, in August 2013 through telephone interviews.

300 British Muslim and non-Muslim consumers across the UK were questioned: a third (i.e. 100) of all respondents were non-Muslim (i.e. 200 were Muslim); and a third of all respondents (i.e. 100) were a combination of Muslim and non-Muslim customers of IBB (i.e. 200 were not IBB customers).

**From December 2012 to July 2015, Al Rayan Bank has consistently offered at least one savings account with the UK's highest rate of return, according to best buy tables published by This Is Money and Moneyfacts

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