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
Development Bank of Wales provides £500,000 to IT repairs business
Comtek Network Systems UK Limited has secured £500,000 of investment from the Development Bank of Wales
Wesleyan Bank names new director
Wesleyan Bank has strengthened its management team with the appointment of Simon Welling (pictured above) as its director of sales and marketing.
Cash Isa savers missing out on transfer market
Half of cash Isa savers aged 55-plus (50%) have never moved their accounts to another provider, according to a new study.
CivilisedBank secures further funding
CivilisedBank is set to receive further funding from current investor Warwick Capital Partners, subject to regulatory approval.
A round-up of the latest specialist banking products
With the continuing expansion of the specialist banking market, this year promises to bring a host of new products and services to the sector.
Hanley Economic BS rebrands
Hanley Economic Building Society has rebranded as it launches its first ever TV advertising campaign.
Lydia raises a further €13m
Lydia has announced that it has raised a further €13m, taking the total amount raised by the French fintech start-up to over €23m.
Fintech as a force for good
The big news around fintech focuses on the many ways it is already making financial services more profitable, more scalable, more secure and more user-friendly.
FIBA commits to 30 events
The Financial Intermediary & Broker Association (FIBA) has announced 30 regional meetings for its members and intermediaries interested in joining the Association.
20% of brands to abandon their mobile apps by 2019
A fifth of brands will abandon their mobile apps by 2019 due to a lack of adoption and customer engagement, according to a study by research and advisory company Gartner.