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AlRayan Bank UK surpasses £3 billion in assets, marking a major milestone in UK Islamic banking

AlRayan Bank, the UK’s largest and most successful Sharia-compliant bank, has announced that its total assets have exceeded £3 billion for the first time in its history. This significant achievement underscores the Bank’s sustained growth and strategic transformation, reinforcing its position as the leading force in Islamic finance in the UK.
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My career began in Damascus, Syria, in 2003, where I worked in a range of sectors such as Telecom, Real Estate, Financial Services, and took roles spanning data analytics, financial modelling, relationship management, and portfolio management.
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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.
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Al Rayan Bank, the UK’s most successful Islamic bank, achieved another record financial performance in the year ending 31 December 2023 as it delivered strong growth across its commercial property financing and premier banking divisions.