Al Rayan Bank
United Kingdom
(AA)
(AA)Deposit amount: Min. £1,000 – Max. £85,000
Protection limit: Up to £85,000 payout in GBP
Sharia account
Top offer from this bank
4.80% AER
Term:
1 yearList of offers
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Rate
Duration
Deposit Guarantee
Product Type
Top offer from this bank
4.80% AER
Term:
1 yearBank Details
Founded in 2004, Al Rayan Bank is an inclusive Islamic bank which welcomes customers of all faiths and beliefs. As the oldest and largest Islamic bank in the UK, Al Rayan Bank serves over 85,000 customers throughout the UK with Sharia-compliant and FSCS protected banking products.
Because Al Rayan Bank is an ethical, Sharia-compliant bank, they adhere to Sharia banking principles, which you can read about on our Sharia banking page.
Al Rayan Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Security & Deposit Protection
The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.
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