Al Rayan Bank

Established in 2004, Al Rayan Bank offers Sharia-compliant financial services products to customers of any faith.

To be Sharia compliant Al Rayan's profits can't come from interest, gambling, and other activities that contradict Islamic values. For example, its savings products pay profits rather than interest.

Before being called Al Rayan Bank it was known as The Islamic Bank of Britain. Al Rayan was taken over in 2014 by Masraf Al Rayan, one of the largest Islamic banks in the world, and changed its name to reflect it was part of the Masraf Al Rayan group.

Al Rayan Bank is the only Islamic bank in the UK to receive a public rating. The Bank has an Aa2 rating from Moody's Investors Service (Moody’s), one of the leading global ratings agencies.

Al Rayan Bank
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Gold ribbon: first place

Bank accounts

Ranked 10th of 30 providers reviewed.

Customer happiness 71%
Customer trust 66%
Complaints performance 64%
Transparency rating 57%
Fairer Finance score
Reviewed Spring 2019
64%

Savings accounts

Ranked 37th of 42 providers reviewed.

Customer happiness 59%
Customer trust 58%
Complaints performance 64%
Transparency rating 31%
Fairer Finance score
Reviewed Spring 2019
53%

We don't currently rate Al Rayan Bank in our Product Ratings.