AlRayan Bank

Compare the best savings accounts at Al Rayan Bank. Visit now

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AlRayan Bank reviews its accounts, products, and services based on market conditions, regulations, Sharia principles, and customer needs.

AlRayan Bank offers Sharia-compliant savings products that align with Islamic teachings while generating profit.

Islamic banks pay profit to their savers rather than interest; find out why.

Rental yield measures annual income from a rental property as a percentage of its value, helping assess buy-to-let investment viability.

AlRayan Bank Edgware Road permanently closed on 3 August 2022

With 50 major accolades since 2016, AlRayan Bank - the country's most successful Islamic bank - is pioneering ethical, Sharia compliant banking in the UK.

Banking platform provider, Monument Technology, has announced that it has signed an agreement with AlRayan Bank, the UK’s longest-established Islamic bank, to support the largest technology investment in the bank’s history.

AlRayan Bank is an ethical bank that values diversity and invites applicants to join its team.

If you do not hold a UK passport and your main residence is not in the UK, additional charges will apply to any Current Account you hold with AlRayan Bank.

The following fees apply to all AlRayan Bank current and savings accounts.

AlRayan Bank has maintained at least the advertised profit rate since 2004, occasionally paying more.

Summary

The parent company of AlRayan Bank is AlRayan Bank QPSC.

AlRayan Bank advises customers to report suspected fraudulent communications claiming to represent the bank.

AlRayan Bank UK is a commercial bank in the United Kingdom, established in August 2004.

The Financial Services Compensation Scheme protects eligible deposits with AlRayan Bank, with exclusions detailed in the provided list.

Slavery and Human Trafficking Statement made on behalf of AlRayan Bank (“the Bank”) further to section 54 of the Modern Slavery Act 2015

AlRayan Bank partners with Monument Technology to execute its largest-ever technology investment. The collaboration aims to modernize core banking systems and enhance digital capabilities. This deal marks a significant step in the bank’s infrastructure overhaul.

Nov 2026AlRayan BankNews article

High-net-worth investors from the Gulf region plan to allocate an average of **£78.3 million each** into UK property over the next five years, according to AlRayan Bank’s fourth annual GCC Investment Barometer. The commitment persists despite rising global competition for prime real estate assets. The report highlights sustained demand from Gulf investors amid shifting market dynamics.

Oct 2026AlRayan BankNews article

AlRayan Bank raises its 12-month Fixed Term Deposit rate to **5.12% EPR**, the highest one-year deposit rate available in the market. The increase follows a prior rate of 4.85%, positioning the bank as a leader in competitive savings products. Customers seeking high-yield fixed-term deposits now benefit from the updated terms.

Sep 2026AlRayan BankNews article

AlRayan Bank UK achieves a **pre-tax profit of £23.59 million** in 2025, marking its **fourth consecutive year with profits exceeding £20 million**. The bank continues to demonstrate sustained financial performance and asset expansion.

Apr 2026AlRayan BankNews article