Al Rayan Bank signage Head Office, London

Al Rayan Bank delivers strong performance in 2024 with double-digit growth

Al Rayan Bank, the UK’s most successful Sharia-compliant bank, recorded double digit growth in total assets in the year ending 31 December 2024 as the bank continued to expand its financing books in commercial property finance (CPF) and premier banking.

The Bank reached £2.84 billion in assets – up 14 per cent on the previous year – with pre-tax profits reaching £23.47 million, the second highest financial performance in its history.
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Over my time at the Bank, I have been fortunate enough to hold a variety of different roles.
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A third (33%) of Gulf Cooperation Council (GCC) high net worth individuals invested in London property over the last 12 months, more than any other major global market.
The findings come from Al Rayan Bank’s 2023 GCC Investment Barometer, which surveyed 151 investors from Saudi Arabia,
Qatar and the UAE with an average net worth of $208m.