Al Rayan Bank, previously named Islamic Bank of Britain, has opened its new private banking branch in Knightsbridge, London.
The new branch will offer exclusive private banking services such as real estate finance, day-to-day banking services and exclusive, bespoke investment opportunities to high net worth individuals and Gulf Cooperation Council (GCC) clients, mortgagefinancegazette.com reported.
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Al Rayan Bank CEO Sultan Choudhury commented: "The last year has been momentous for Al Rayan Bank; beginning with the acquisition in February 2014 by Masraf Al Rayan, which was followed later in the year by the successful rebrand to Al Rayan Bank, and continuing with the posting of the bank’s most successful financial performance to date.
"The opening of this new branch follows that remarkable year and, we believe, marks our transition to a new iconic banking brand for London and the UK."
The new branch adds to the bank’s existing five branches and three agencies throughout the UK.
"The environment and location of the branch reinforce the Al Rayan Bank brand as one of aspiration and stability. This branch raises the bar, not just for Al Rayan Bank, but for private banking in the United Kingdom," Choudhury added.
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By GlobalDataAl Rayan Bank is an Islamic bank offering sharia-compliant products and services.
