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 New CRO joins Al Rayan Bank
Al Rayan Bank has appointed Phillip Trevett as its new Chief Risk Officer, subject to regulator approval.
Preview Giles Cunningham, CEO of Al Rayan Bank
Al Rayan Bank has appointed Giles Cunningham as its Chief Executive Officer, pending regulatory approval.
Preview Umbrellas
Al Rayan Bank has increased the expected profit rate (EPR) for its award-winning Fixed Term Deposit (FTD) savings accounts.