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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 Enva Doda
I joined the Bank last July as a Senior Risk analyst in the Risk Team and recently moved to the Finance Team to take the role of Financial Risk Manager.
Preview Neil
After leaving the bank, I soon discovered that the grass is not always greener. My decision to leave became one of my biggest regrets. That’s why it’s amazing to be back home at the Bank – and I’m excited about the opportunities ahead.