Al Rayan Bank welcomes His Excellency Mohammed Bin Abdulla Al-Rumaihi
Al Rayan Bank (UK) has welcomed His Excellency Mohammed Bin Abdulla Al-Rumaihi, Minister of Municipality and Environment, on a visit to the Bank’s Operational Headquarters in Birmingham, UK. The Minister was in the city to attend the Qatar – UK Business & Investment Forum.
The Qatar – UK Business & Investment Forum brought together Qatari Ministers, corporate heads and the largest-ever number of potential investors for a two-day event, staged in London and Birmingham. The forum was designed to facilitate an increase in the bilateral trade between the two countries and culminated in the announcement that Qatar expected to invest an additional £5 billion (QR 22.6 billion) in Britain over the next five years.
H.E. Minister Al-Rumaihi was welcomed by Sultan Choudhury, CEO of Al Rayan Bank and other senior Bank officials. Mr Choudhury had earlier addressed delegates at the Forum, speaking about the success of Al Rayan Bank (UK), the first Islamic retail bank in Europe, and why it had chosen to locate in Birmingham.
Al Rayan Bank PLC has pioneered Sharia compliant retail banking in the UK and now offers the largest range of Sharia compliant retail financial products in the UK. These include Sharia compliant mortgage alternatives, the Home Purchase Plan (HPP) and Buy to Let Purchase Plan (BTLPP), current accounts and savings accounts. The Bank was also the first to introduce Sharia compliant business banking to the UK, and now offers a wide range of institutional and business banking products and services, including Commercial Property Finance. Several of the Bank’s products remain unique in the UK retail financial market.
The 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.