Al Rayan Bank is the UK’s oldest and largest Islamic bank, serving more than 85,000 customers throughout the UK. By solely fo ... cusing on banking activities which are in keeping with the values of Islam, Al Rayan Bank has made a significant and lasting difference to customers throughout the UK since it was founded in 2004. Islamic banking operates without the use of interest and is founded on Islamic finance principles derived from trade, entrepreneurship and risk-sharing. Al Rayan Bank has a dedicated Sharia Compliance Department and a panel of respected Sharia Scholars, called the Sharia Supervisory Committee, which acts as an independent body to guarantee that its products and activities are Sharia compliant. 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. read more