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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Preview Saalim Mahmood, CFSO
Al Rayan Bank, the UK’s most successful Sharia compliant bank, has confirmed a major funding facility arranged by one of the world’s largest banking institutions, Mitsubishi UFJ Financial Group (MUFG), as part of its ongoing strategy to diversify its funding structure.
Preview Al Rayan Bank Chairman and MAR Vice Chairman open new 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.
Preview Qatar Real Estate Event
Al Rayan Bank, the UK’s most successful Sharia compliant bank, Masraf Al Rayan (MAR), Al Rayan Bank’s parent and one of Qatar’s largest banks, and United Development Company (UDC), a major Qatar-based public shareholding entity, have partnered to facilitate property investment opportunities for non-residents in Qatar, focusing on individuals based in the UK.