Al Rayan Bank expands into Yorkshire

Al Rayan Bank expands into Yorkshire

Al Rayan Bank, the UK’s first compliant sharia bank, has opened a new office in Bradford, a city with one of the largest Muslim communities in the UK.

Amongst the attendees at the opening event was member of parliament for Bradford East, Imran Hussain.

Bradford’s Muslim communities are thriving. In 2001, 16% of the city’s population was Muslim, this proportion had increased to 24.7% by 2011. 

Al Rayan Bank’s Bradford office, which is located at 218 Lilycroft Road, will serve these communities as well as the wider communities of West Yorkshire.

Imran Hussain, MP said that Al Rayan Bank was a welcome addition to the city, “I am very pleased that Al Rayan Bank has chosen Bradford as the location for its Yorkshire office.

“From this office, the Bank will provide valuable banking services to the communities of Bradford and West Yorkshire.”   

The new Bradford office forms part of Al Rayan Bank’s national branch and office network, which is strategically located throughout major cities in the UK.

Rizwan Ali, business development manager, Al Rayan Bank, Bradford said the new office would help the Bank to better cater for its customers.

He said: “We’re delighted to open this new office which shows Al Rayan Bank’s commitment to Bradford.

“As a community bank, we strive to make ethical, Sharia compliant banking as widely accessible as possible; the new office will help us to do this for the communities of Bradford and West Yorkshire.”  

Al Rayan Bank is authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and is a member of Financial Services Compensation Scheme.