Al Rayan Bank (UK) nominated for four Moneyfacts Awards

Al Rayan Bank (UK) has been nominated by Moneyfacts, the UK's leading personal finance data provider, in four categories at its prestigious upcoming annual awards: ‘Best Notice Account Provider’; ‘Best Fixed Account Provider’; ‘Best Cash ISA Provider’ and the prestigious ‘Best Bank Savings Provider’.

The Moneyfacts awards are independent, and recognise financial services companies which the judges consider to have excelled by delivering outstanding products and service to their customers over the previous 12 months. No award entries are submitted; instead the Moneyfacts’ large and well qualified research team monitored all of the Bank’s products between 1 March 2016 and 29 February 2017.

This is not the first time that Al Rayan Bank’s products have been recognised by Moneyfacts. Just three months ago, it was highly commended at the Moneyfacts Consumer Awards 2017 in the ‘ISA Provider of the Year’ category, which is based on customer feedback and in-depth analysis of individual products by the Moneyfacts’ research team. At the annual Moneyfacts Awards in 2016, the Bank was highly commended in the category of ‘Best Fixed Account Provider’, and commended as a ‘Best Bank Savings Provider’ and ‘Best Notice Account Provider’.

Commenting on the nominations, Keith Leach, ‎Chief Commercial Officer, Al Rayan Bank, said: “The Moneyfacts awards recognise the very best in banking products and services in the UK, and we are always pleased when our competitive, ethical banking products are nominated. With three savings products currently top of the best buy tables*, we’re hopeful that this year’s awards will be successful for the Bank.”

Al Rayan Bank has pioneered British retail Islamic banking for 13 years. In 2016 the Bank became the UK’s largest Islamic retail bank by assets, and is now one of the fastest growing banks in the UK**. It has earned a reputation for providing innovative products which appeal to people of any faith and currently estimates that 28% of its customer base is non-Muslim.

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 the Financial Services Compensation Scheme.

* As of 16 May 2017, Al Rayan Bank has four saving products top of the Moneyfacts ‘best-buy’ tables. These are 18-month fixed term deposit (FTD), 24-month FTD, 12-month fixed term cash ISA.

** Bank League Tables 2017, a complete financial analysis of all 155 UK incorporated banks, Searchline Publishing 2017