Al Rayan Bank

The UK's oldest and largest Islamic bank.

Overview

Founded in 2004, Al Rayan Bank is fully Sharia-compliant and FCA/PRA regulated. It offers a complete range of personal and business Islamic banking services with FSCS protection on eligible deposits.

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Pros

✓Full retail banking — current, savings, ISAs, mortgages
✓FSCS protected
✓Branches in London, Birmingham, Manchester

Considerations

•Profit rates can lag fixed-term challenger banks
•Mortgage paperwork is paper-heavy

Products

Current AccountsSavingsCash ISAsHome Purchase PlansBuy-to-Let

Sharia board

Sharia Supervisory Committee chaired by Sheikh Nizam Yaquby.

Customer reviews

Aisha R.★★★★★

Reassuring to deal with a fully Islamic bank. Customer service is patient and clear.

Ready to apply?

You'll be taken directly to Al Rayan Bank. Mizan never charges you a fee.

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