CEO of Al Rayan Bank receives OBE from Prince William
15 Nov 2017 - 0:40
Sultan Choudhury, Chief Executive Officer of Al Rayan Bank has received his Order of the British Empire (OBE) from Prince William, the Duke of Cambridge at a special investiture ceremony held at Buckingham Palace on November 10. Choudhury was appointed OBE in the Birthday Honours of Queen Elizabeth II, in recognition of his services to Islamic finance.
A driving force behind Al Rayan Bank’s success and Islamic banking’s increasing popularity in the UK, Choudhury was part of the management team that obtained Western Europe’s first authorised Islamic banking licence in 2004. He has since grown the Bank to become the UK’s largest Islamic bank and one of the fastest growing banks in the country. In addition, he has worked tirelessly to raise the profile of Islamic banking in the UK.
Al Rayan Bank’s experts have worked with the UK Government on initiatives that have helped to establish the country as a major global centre for Islamic finance, through the creation of a legal, regulatory and taxation environment in which Sharia compliant finance can compete on an equal footing with conventional.
Al Rayan Bank offers the largest Sharia compliant product range in the UK. It is founded on faith-based, ethical principles which are derived from trade, entrepreneurship and risk-sharing, in which the customer and bank work together as partners towards a mutually profitable end.
The Bank currently has more than more than 80,000 customers throughout the UK, more than a quarter of which it estimates to be non-Muslim.