Every product certified by our Sharia Supervisory Board. Zero riba. No exceptions.
Account Tiers
Rayyan Account Starter
£3.99/mo
Your halal everyday current account. Sharia-certified debit card, instant payments, automatic haram-merchant blocking.
Rayyan Account Plus
£7.99/mo
Everything in Starter plus access to Qarz al-Hasana (donor and borrower), Murabaha consumer finance, and basic Musharaka investments.
Rayyan Account Premium
£12.99/mo
The complete Islamic banking experience. Ijara home finance, Wakala wealth management, travel insurance, and a dedicated relationship manager.
Monthly Fee — Admin Cost Only (Not Profit on Money)
Rayyan Bank's monthly account fee covers only genuine operating costs: FCA regulatory costs, technology infrastructure, compliance team, customer support, and Sharia Supervisory Board fees. It is NOT a charge for holding or using money (which would be riba). This is confirmed by our Sharia Supervisory Board Fatwa No. NB-001-2024.
Islamic Finance Products
Murabaha — Cost Plus Finance
Consumer FinancePlus & PremiumRayyan Bank buys the asset you want (car, appliance, furniture) and sells it to you at a transparent fixed mark-up. You pay in instalments. The mark-up is profit — not interest.
Example
You want a £12,000 car. Rayyan Bank buys it for £12,000. Rayyan Bank sells it to you for £13,440 (12% mark-up, disclosed upfront). You pay £373.33/month for 36 months. Zero riba.
Sharia Compliance
AAOIFI Standard 2. The bank takes real ownership risk before sale. The mark-up is fixed at contract — it does not compound.
Ijara — Islamic Lease to Own
Property FinancePremium onlyIjara wa Iqtina — Rayyan Bank purchases the property and leases it to you. Each monthly payment includes a lease (rent) portion and a purchase portion. You gradually acquire ownership.
Example
Property: £300,000. Rayyan Bank contributes 80% (£240,000). You contribute 20% (£60,000). Monthly: rent to NurBank (decreasing as your ownership grows) + purchase of NurBank's share. After 25 years, you own 100%.
Sharia Compliance
AAOIFI Standard 9. Rayyan Bank bears ownership risk during the lease period. No penalty interest on arrears — only a donation to charity is required.
Musharaka — Profit Sharing
InvestmentPlus & PremiumDiminishing Musharaka for business finance. Rayyan Bank and the client jointly fund a venture. Profits are shared in agreed ratios. Losses are shared proportionally to capital contribution.
Example
Business needs £50,000. Rayyan Bank contributes 60% (£30,000), you contribute 40% (£20,000). Profits split 40/60. As you buy out NurBank's share, your profit ratio increases. Zero interest.
Sharia Compliance
AAOIFI Standard 12. Both parties share real risk. Guaranteed return to bank is prohibited — Rayyan Bank genuinely participates in profit AND loss.
Wakala — Managed Investment
Wealth ManagementPremium onlyRayyan Bank acts as your Wakeel (agent) to manage a halal investment portfolio. Fee is fixed (not linked to returns) — this avoids riba al-fadl (profit guarantee). Funds invested in Sharia-screened equities and sukuk.
Example
You invest £10,000. Rayyan Bank charges a fixed £150/year management fee. Portfolio is invested in Sharia-screened companies (no alcohol, gambling, weapons, pork, riba-based finance). Annual SSB portfolio audit included.
Sharia Compliance
AAOIFI Standard 23. Fixed fee-based management — not performance-linked. Investment universe screened by SSB quarterly.
Global Halal Remittance
TransfersAll tiersSend money to Pakistan, Bangladesh, Egypt, Turkey, Nigeria, UAE and 40+ countries at spot rates. Transparent flat fee. No FX derivatives, no forward contracts, no speculation.
Example
Send £500 to Pakistan. Spot rate: 1 GBP = PKR 352. You receive PKR 176,000. Rayyan Bank fee: £2.99 flat. No FX markup hidden in the rate.
Sharia Compliance
Spot (Haala) transactions only. Delivered same day or next day. No deferred FX settlement (which could constitute riba).
