ALRAYAN BANK LIMITED

Reference number: 229148

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Company details

From the company's Companies House record.

Concerns on the company record

  • Confirmation statement is overdue at Companies House.
Company number
04483430
Company status
Active
Company type
Private limited company
Incorporated
11 July 2002 (24 years old)
Registered office
4 Stratford Place, London, W1C 1AT, England
Nature of business
  • Banks (SIC 64191)

Current directors and secretaries

Name Role Born Appointed
Caroline Jane Ashton Director Feb 1963 26 Jan 2021
Michael Howard Williams Director Apr 1950 21 Jul 2021
Steven Mark Hicks Director May 1963 6 Sep 2021
Giles Hullah Cunningham Director Aug 1969 30 Sep 2021
Fahad Abdulla Alkhalifa Director Aug 1972 1 Dec 2021
Hamad Faisal Al Thani Director Jan 1962 1 Jun 2022
Omar Abdulrazaq Al-Emadi Director Feb 1980 1 Nov 2022
Catherine Ellen Lewis Director Sep 1964 1 Jul 2023
Helen Clare Trott Secretary Not published 27 Mar 2025

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Arrange equity release FSCS may apply
    Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.

Check your FSCS cover →

Show FCA detail (9 permissions)
  • Accepting Deposits
  • Administering a home purchase plan
  • Advising on a home purchase plan
  • Arranging (bringing about) a home purchase plan
  • Arranging (bringing about) deals in investments
  • Dealing in investments as principal
  • Entering into a home purchase plan
  • Making arrangements with a view to a home purchase plan
  • Making arrangements with a view to transactions in investments

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

Action taken against them

1 fine in 2023, £4.02m in total. This is part of the official register record and is worth reviewing before going ahead.

  • Fined £4.02m on 11 January 2023
    On 11 January 2023, the FCA imposed a financial penalty on Al Rayan Bank PLC. The reason for this action is Al Rayan breached Principle 3 by failing, in relation to its anti-money laundering control framework, to take reasonable care to organise its affairs responsibly and effectively, with adequate risk management systems. During the period 1 April 2015 and 30 November 2017, Al Rayan failed to put in place policies and procedures, comprehensive and proportionate to its business activities, to enable it to identify, assess, monitor and manage money laundering risk.  As a consequence of this action, the FCA imposed a penalty of £4,023,600.  The FCA’s action took effect on 16 December 2022 and a copy of the Final Notice is displayed on the FCA's web site.

    Read the FCA notice →

Previously registered as

The FCA register holds 3 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Al Rayan Bank PLC
  • Islamic Bank of Britain Plc
  • Islamic House of Britain PLC

Names it no longer trades under

This firm has retired 2 trading names. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.

Show the retired names
  • Islamic Bank of Britain
  • Islamic House of Britain

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Common questions

Frequently asked questions

Is ALRAYAN BANK LIMITED FCA authorised?
Yes, ALRAYAN BANK LIMITED (FRN 229148) is authorised by the FCA to carry out regulated activities.
Is my money safe with ALRAYAN BANK?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about ALRAYAN BANK to the Financial Ombudsman Service, free of charge.
Is ALRAYAN BANK a scam or clone?
ALRAYAN BANK is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is ALRAYAN BANK's Firm Reference Number (FRN)?
ALRAYAN BANK's FRN is 229148. You can verify it on the FCA register.