Al Rayan Bank celebrates official opening of new Birmingham office
Al Rayan Bank - the UK’s most successful Sharia compliant bank - has opened a new 8,853sq ft office in Birmingham reaffirming its continued investment in the city.
Located on Calthorpe Road in Edgbaston Village, the opening was marked with a special event attended by His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Vice-Chairman of the Bank’s Qatari parent bank - Masraf Al Rayan, and Al Rayan Bank Chairman Michael Williams.
The investment underpins the commitment of Al Rayan Bank and Masraf Al Rayan to Birmingham as the operational centre for the Bank – and replaces the Bank’s previous office at 24a Calthorpe Road.
The modern three-story office building will support the Bank’s London Head Office with key operational teams located together. The office includes a large communal workplace relaxation space, designed to enhance colleagues’ well-being and create an environment which builds collaboration, creativity, and innovation.
The opening event was attended by the Bank’s Board of Directors, Executive Management, and Birmingham-based colleagues.
Speaking at the event, Michael Williams, Chairman of Al Rayan Bank, said, “The new operational office highlights the Bank’s commitment to Birmingham for the foreseeable future. We have invested significantly in creating the right working environment. This facility is a true asset to the Bank, and I know that my fellow Board members recognise the value of the investment they have made in this city and this site.”
Sheikh Hamad, Masraf Al Rayan Vice-Chairman, added, “This city holds a special significance for Al Rayan Bank – which means that it is very important to Masraf Al Rayan at Group level also. The Bank is now extremely well set up with our operational office here in Birmingham, supporting our Head Office in London, and our Group Headquarters in Doha. This structure will help to ensure that Al Rayan UK and Masraf Al Rayan Group are both well placed to face the challenges of the next decade.”
Al Rayan Bank was founded in 2004 and is the oldest and largest Islamic bank in the UK. The Bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.
