News & Updates

Islamic bank opens new London office to meet commercial finance demand

Finance, Property
Al Rayan Bank has opened a new office in London’s West End to support its growing commercial finance business.
The expansion follows the appointment of two new recruits from Nationwide Building Society in April, which increased the bank’s commercial property team to 11 frontline staff.

Commercial property financing was the fastest-growing element of Al Rayan Bank’s real estate asset book in 2016, climbing 44% to £396.5m.

“Customers chose commercial property finance from Al Rayan Bank for many reasons,” said Maisam Faisal, head of commercial property finance at Al Rayan Bank (pictured above, left).

“For some, it is the fact that we are an Islamic bank and only offer Sharia-compliant financing; for others, it is our commercial approach and our highly experienced staff who can help structure transactions to suit clients’ requirements.”

Al Rayan Bank has financed projects ranging from town retail parks, mixed-use industrial warehouses and student property.

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