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.

Website, phone number and address

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.

In the full report: 3 background checks

  • When alrayanbank.co.uk first appeared online, and whether it can receive email
  • What kind of line 0800 408 6407 is
  • Who else gives the postcode W1C 1AT
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Other names (5)

If you were contacted under any of these names, it is this firm.

  • Al Rayan Bank PLC Former name
  • Islamic Bank of Britain Plc Former name
  • Islamic House of Britain PLC Former name
  • Islamic Bank of Britain Former trading name
  • Islamic House of Britain Former trading name

FCA permissions and consumer protection

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

FCA disciplinary action

FCA action

fine
1
in fines
£4.02m
most recent
January 2023
  • 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.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

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)

Directors and company secretaries

Name Role Born Appointed Other companies
Caroline Jane Ashton Director Feb 1963 26 Jan 2021 40 other companies
Michael Howard Williams Director Apr 1950 21 Jul 2021 14 other companies
Steven Mark Hicks Director May 1963 6 Sep 2021 2 other companies
Giles Hullah Cunningham Director Aug 1969 30 Sep 2021 6 other companies
Fahad Abdulla Alkhalifa Director Aug 1972 1 Dec 2021 None
Hamad Faisal Al Thani Director Jan 1962 1 Jun 2022 None
Omar Abdulrazaq Al-Emadi Director Feb 1980 1 Nov 2022 None
Catherine Ellen Lewis Director Sep 1964 1 Jul 2023 None
Helen Clare Trott Secretary Not published 27 Mar 2025 –

Other companies run by these 8 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
59
closed down
29
went insolvent
7

In the full report: all 59 companies, named

  • What each company does, and whether it is still trading
  • Which of these 8 directors sit on each board, and since when
  • The 7 that went into liquidation or administration
  • The 7 on the FCA register
  • The 3 companies these 8 directors run together
  • All 41 people who have ever been directors, with their dates
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Key dates in its history

Alrayan Bank’s history from the FCA register and Companies House, newest first.

Key events (11) All events (92)

2026

8 June 2026

  • Changed its registered name from "Al Rayan Bank PLC"

FCA register

2024

3 April 2024

  • Al Rayan (Uk)Ltd gave up control

Companies House

2023

11 January 2023

  • Fined £4.02m by the FCA

FCA register

2016

6 April 2016

  • Al Rayan (Uk)Ltd took control (75–100% of shares)

Companies House

2014

15 December 2014

  • Changed its registered name from "Islamic Bank of Britain Plc"

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date
  • Regulated by the Prudential Regulation Authority from this date

FCA register

2004

6 August 2004

  • Regulated by the Financial Services Authority from this date
  • Changed its registered name from "Islamic House of Britain PLC"
  • Became authorised by the FCA

FCA register

2002

11 July 2002

  • Incorporated at Companies House

Companies House

In the full report: all 92 events

  • All 92 events in its history (11 shown here)
  • Every director appointment and resignation: 75
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Firms connected to Alrayan Bank

Other FCA-listed firms that share a director, phone number or address with Alrayan Bank. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share a director
1
past links
6

In the full report: the connected firm, named

  • How it is linked: shared directors (1)
  • Who links it to this firm: the named directors, with dates
  • 6 past links through former directors
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Firms like Alrayan Bank

Other firms of the same type (bank or building society), nearest first.

In London

Wells Fargo Bank, National AssociationLondonAuthorisedCredit Suisse (UK) LimitedLondonAuthorisedUBS AGLondonAuthorisedDB UK Bank LimitedLondonAuthorisedDeutsche Bank AGLondonAuthorisedJ.P. Morgan Securities PLCLondonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Alrayan Bank

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 59 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 92 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Alrayan Bank Limited FCA authorised?
Yes, Alrayan Bank Limited (FRN 229148) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2004 and works as a bank or building society. The FCA has placed no limits on its permissions.
What is Alrayan Bank’s phone number and website?
The FCA register lists the phone number 0800 408 6407 and the website alrayanbank.co.uk for Alrayan Bank. If you were given different contact details, use these to check with the firm before going any further.
Is Alrayan Bank a scam or clone?
Alrayan Bank is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
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.
Who owns Alrayan Bank?
Companies House lists no one with significant control of Alrayan Bank now. Before that, it was controlled by Al Rayan (Uk)Ltd.
Who runs Alrayan Bank?
Companies House lists 8 directors of Alrayan Bank: Caroline Jane Ashton, Michael Howard Williams, Steven Mark Hicks, Giles Hullah Cunningham, Fahad Abdulla Alkhalifa, Hamad Faisal Al Thani and 2 more.
How long has Alrayan Bank been in business?
The company was formed on 11 July 2002, and has held its current FCA authorisation since August 2004.
Has the FCA taken action against Alrayan Bank?
Yes. The FCA register records 1 fine in 2023, £4.02m in total. The details are in the disciplinary section above, with links to the FCA's notices.
Does Alrayan Bank use any other names?
It has previously used 5 other names, including Al Rayan Bank PLC, Islamic Bank of Britain Plc and Islamic House of Britain PLC.

Sources and links

The full report on Alrayan Bank Limited

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