Al Rayan Bank picked-up the ‘Best Islamic Bank of the Year’ accolade at the World Muslim Leadership Forum (WMLF).

The Bank was recognised for its commitment to providing a suite of ethical, Sharia-compliant personal and business finance products to both Muslim and non-Muslim customers in the UK.

The World Muslim Leadership Forum event, held over two days at Lambeth Palace with the award ceremony hosted at the House of Commons.

Maisam Fazal, chief commercial officer at Al Rayan Bank said, “The World Muslim Leadership Forum provides an important platform for a number of industries in the UK, to both raise the profile and build the reputation outside of traditional Muslim markets; we are therefore delighted to accept this prestigious award.

"Al Rayan Bank has played a key role in helping to establish the UK as the leading Western centre for Islamic finance since we were established in 2004, and we look forward to continuing to support Government activities to develop the sector in the UK.”

There was more good news for the bank after it was named ‘Best Customer Service Provider’ and ‘Best Charity Notice Account Provider’ at the 2019 Savings Champion Awards.

The Bank was also highly-commended for its Variable Cash ISA and for its Business Notice Account.

Maisam Fazal, Chief Commercial Officer at Al Rayan Bank, said, “Our Charities’ Notice Savings Accounts enable charities and not-for-profit organisations across the UK to earn a competitive rate of return within an ethical finance model, enabling them to access the funds when they really need them.

"Al Rayan Bank’s transparent, ethical and prudent approach to banking is what sets us apart, so we’re thrilled to receive this recognition from Savings Champion.”