Al Rayan Bank’s online banking customers can access the mobile banking app immediately with their existing log in details, and those wishing to register for online banking can do so in-branch or via a form, which can be downloaded from the Bank’s website. The app is available for Apple iOS and Google Android device users, and can be downloaded from the App Store, the Google Play Store, or via the Al Rayan Bank website.
Sultan Choudhury, CEO, Al Rayan Bank, said: "We are a pioneering Bank that strives to offer solutions to our customers; solutions that enable them to efficiently conduct their everyday banking without compromising their faith or ethical principles. The launch of this new app – which makes their mobile banking convenient, simple and easy – is an example of this, and is the latest in a series of products and services we have developed to support our customers throughout their lives."
Al Rayan Bank is an inclusive ethical bank, which welcomes customers of all faiths, and non-Muslim customers are increasingly choosing it as their bank of choice. The Bank estimates that 83% of all Fixed Term Deposit (FTD) savings customers and 47% of all ISA customers who joined the Bank last year were non-Muslim. These customers are attracted, not only by the ethical nature of Islamic finance, but also by Al Rayan Bank’s consistently table topping expected profit rates, as well as the levels of service and the ease of access that the Bank offers them; in addition to the new mobile channel, customers are able to bank online, by phone and in branch.
Al Rayan Bank provides the largest range of ethical, Sharia compliant retail financial products and services in the UK, and has pioneered British retail Islamic banking since it first opened its doors in 2004. As an Islamic bank, it works with its customers as partners, towards a mutually profitable end. Al Rayan Bank never invests savers’ deposits in unethical activities such as gambling, pornography, speculation, tobacco, arms and other commodities not in keeping with the values of Islam. It is dedicated to strong, faith-based ethics and prides itself on delivering great customer service.
The Bank has been recognised as an ethical alternative to conventional banks by the Move Your Money campaign and Ethical Consumer magazine, which places Al Rayan Bank in the top ten of ethical current account providers. The Bank is also an accredited ‘Living Wage Employer’, voluntarily opting to pay their employees a ‘Living Wage’ which is significantly higher than the current minimum wage and the new compulsory National Living Wage, to be introduced in 2016. In addition, the Bank was recently accredited as an ‘Investors in People’ organisation, demonstrating the signs of a great employer with a clear commitment to sustainability.
As an independent UK bank, 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.
