Sultan Choudhury, the CEO at Al Rayan Bank, received his OBE from Prince William at a special investiture ceremony at Buckingham Palace last Friday (10th November).
Mr Choudhury was a recipient of the award in the Queen’s birthday honours list in recognition of his services to Islamic finance.
Sultan Choudhury receiving his OBE from Prince William
Mr Choudhury has played a major role in Al Rayan Bank’s success and Islamic banking’s increasing popularity in the UK.
Experts from Al Rayan Bank have worked with the UK government on initiatives that have helped to establish the country as a key 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 banking.
Al Rayan Bank offers a range of Sharia-compliant products and is authorised by the PRA, and regulated by the FCA and the PRA.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Paragon reports 54% asset finance lending increase
Paragon Banking Group has seen its asset finance lending increase to £164m in the six months to 31st March 2018, up 54% on the same period last year.
Sainsbury’s Bank launches BTL products
Sainsbury’s Bank has expanded its mortgage range with the launch of new buy-to-let (BTL) products.
Charter Savings Bank launches five new accounts
Charter Savings Bank has announced the launch of five new accounts as well as rate rises of up to 0.16%.
Mobile banking log-ins increase 13% in 2017
Customers logged into mobile banking apps 5.5 billion times during 2017, up 13% on the figure for 2016, according to the latest research.
PCF reports £2.1m profit before tax
PCF Group PLC has announced that profit before tax was up 20% to £2.1m – notwithstanding the cost of new banking infrastructure and resource – for the six months to 31st March 2018.
Tandem plans to originate £1m-plus mortgages
In an exclusive interview with Specialist Banking, Ricky Knox, CEO at Tandem (pictured above), revealed that the digital challenger bank was planning to soon go live with new originations for mortgages.
Tipton & Coseley Building Society names new director
Tipton & Coseley Building Society has hired Cammy Amaira (pictured above) as its new director of sales and marketing.
EIB advances €100m to VIVAWEST
The European Investment Bank (EIB) has provided a €100m loan to VIVAWEST.
Retail savings: an attractive source of funding
While issues such as the impact of Brexit, regulation, competition and transforming business models through digitalisation are an immediate priority for many lenders not currently in the savings market, savings should be a strong future strategic consideration.
Arbuthnot Commercial lends £3.25m against completed development
Mantra Capital has arranged a £3.25m loan facility against a multi-residential unit in Peterborough through Arbuthnot Commercial, the commercial arm of Arbuthnot Latham & Co.