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Tel: 020 8903 4555 | Fax: 020 3504 4555
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Islamic Finance

Al Rayan Bank

Al Rayan Bank Background 

On 16th Janaury 2014 IBB confirmed that it new parent company was Masraf Al Rayan the fifth largest Islamic bank in the world and the second largest bank, by market value in Qatar.

In December 2014, Islamic Bank of Britain officially changed its name to Al Rayan Bank PLC, to reflect its status as part of the Mashraf Al Rayan (MAR) group of companies.

In April 2015, Al Rayan Bank posted its strongest financial performance to date, resulting in the Bank more than doubling its operating cost income and posting its first profit.

Propertylink in conjunction with Al Rayan, an ethical, Sharia complaint retail Bank which has been pioneering British Islamic from 2004 (formerly know as Islamic Bank of Britain) are proud to offer Home Purchase Loans.

Al Rayan Bank has over 70,000 customers throughout the UK, making a lasting difference to the customers it serves, helping customers to buy their own homes, save for their families futures and expand without compromising their values to any faiths.

The Sharia complaint alternative

Unlike a conventional mortgage, Home Purchase Plans from Al Rayan Bank are based on joint ownership, monthly payment increases your share in the property and includes a rental payment on the Banks share, you will be owning your home outright - without paying interest.

Find out more

If you would like to find out more or wish to book an appointment to visit us, please contact us on 020 8903 4555. Alternatively, please contact Aamir Jafri on 07494 694 339, email: aamir.jafri@alrayanbank.co.uk       

   

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