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FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

AlRayan Bank

Bank · United Kingdom

About the company

Legal company nameAlRayan Bank Limited
Year founded2004
Headquarters / registered countryLondon, United Kingdom
Websitewww.alrayanbank.co.uk
Last checked08.10.2026

According to its official website, AlRayan Bank is a London-based UK bank founded in 2004 that describes itself as the UK's oldest and largest Sharia-compliant bank. It is the UK subsidiary of AlRayan Bank QPSC (formerly Masraf Al Rayan), which is licensed by the Qatar Central Bank. Paying expected profit rather than interest, the bank specialises in structured real estate finance and premier banking (current accounts, savings, home finance) and offers a limited range of savings accounts through its digital banking platform and third-party savings platforms. The instant access Everyday Saver and the 12, 24 and 36-month fixed term accounts all require a minimum balance of 10,000 pounds; the Wakala investment account starts at 250,000 pounds. New accounts can only be opened after registering for digital banking, available through the mobile app or online. The site says eligible deposits are protected by the FSCS up to 120,000 pounds. According to the Bank of England list and the FCA register, AlRayan Bank Limited is authorised by the PRA to accept deposits and is regulated by the FCA and the PRA. This information is the company's own statement.

Account Details

ACCOUNT TYPESIslamic savings accounts (instant access, fixed term, Wakala) · Premier current account · Business fixed term account
MIN. DEPOSIT10,000 GBP (savings accounts)
PLATFORMSOnline banking · Mobile app
PRODUCTSSharia-compliant savings accounts · Premier banking · Home finance · Structured real estate finance

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 229148
Licence holderALRAYAN BANK LIMITED
ScopeAuthorised by the PRA to accept deposits according to the Bank of England list of 1 Oct 2026; listed in the FCA register under ALRAYAN BANK LIMITED (FRN 229148), regulated by the FCA and the PRA.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: April 2023 – October 2026

  • Account / trading conditions: 42
  • Customer support: 30
  • Identity verification: 8
  • Withdrawal / payment: 8
  • Other: 1

No. 110 for most complaints among 520 institutions.

RANK BY TOPIC — Account / trading conditions: 84. · Customer support: 12. · Identity verification: 50. · Withdrawal / payment: 190. · Other: 204.

SOURCES REVIEWED

The complaint distribution is based on the latest 1-star reviews on the AlRayan Bank Trustpilot page (89) as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the AlRayan Bank name are left out. Across the complaints, being unable to reach a person because of the AI phone assistant, digital banking login problems and the 10,000-pound minimum balance stand out.

Sources and verification history

Official company sourcesalrayanbank.co.uk — homepage (FAQ), About us, Compare our savings accounts, Premier banking, footer
Regulator recordsBank of England PRA list of banks (1 Oct 2026) · FCA — ALRAYAN BANK LIMITED, FRN 229148 (register.fca.org.uk)
Company registerCompanies House — ALRAYAN BANK LIMITED, company no 04483430
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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