Islamic finance Faqs

Islamic https://paydayloanslouisiana.com/cities/boutte/ banking is actually similar to the prices away from Sharia. A key grounds would be the fact it works versus appeal, which is not permitted in Islam, because the currency alone isn’t reported to be an item where you could potentially earnings.

This new Islamic bank system uses genuine change issues supported which have real property. This means that Islamic banking companies, including Al Rayan Bank, do not conduct business unless of course they have an asset to let the order to be achieved.

How do we help you?

Islamic finance companies are also not allowed to fool around with economic instruments one to depend on conjecture, which expose a leading section of risk so you can a bank, while the property and you may dumps of the customers. By simply following that it resource-recognized approach, Al Rayan Lender, and Islamic financial total, isn’t confronted with the same risks just like the old-fashioned financial institutions. Because of this this new Islamic loans industry proved to be an moral and you will durable alternative to conventional financial following recent monetary drama.

Al Rayan Bank now offers safety and you can balance to help you the customers because it’s part of a more impressive Islamic lender named Masraf Al Rayan (MAR). This gives Al Rayan Financial financial balance and additionally access so you’re able to options and you can degree to continue developing the selection of Sharia compliant merchandising borrowing products.

Also, since a United kingdom lender, Al Rayan Bank is actually authorised by the Prudential Controlled Expert (PRA) and you may regulated by Financial Conduct Expert therefore the PRA, and thus it should see most of the United kingdom financial statutes. Continue reading →