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
George Osborne optimistic that Open Banking will be ‘dramatic’ to industry
George Osborne has claimed that the big banks won’t necessarily look to move more quickly towards Open Banking as it represented a competitive threat to them...
Santander launches 'invisible cinema' experience to help tackle fraud
Santander has launched an ‘invisible cinema’ experience to teach under-25s about the importance of keeping financial information safe...
New CEO joins Buckinghamshire Building Society
Gerard O’Keeffe (pictured above) has started his role as the new CEO at Buckinghamshire Building Society...
STB Commercial Finance expands North West team
Secure Trust Bank (STB) Commercial Finance has appointed John Copping (pictured above) as regional sales director for the North West...
300 companies sign up to Women in Finance Charter
A total of 300 companies have now signed up to HM Treasury’s Women in Finance Charter....
Hanley Economic offers self-build product in Scotland
Hanley Economic Building Society has extended its self-build and residential mortgage offerings into Scotland with immediate effect...
Why it’s important to encourage female entrepreneurs
On Women’s Entrepreneurship Day, we honour women in business, their fearless ambition, their achievements and successes...
TSB names new CEO
The board of TSB Bank PLC – with the support of Sabadell – has announced that Debbie Crosbie (pictured above) will become its new CEO in 2019, subject to regulatory approval...
Tandem opens community beta testing for autosavings
Tandem has invited its existing app users to join its autosavings beta testing community to help test its new proposition...
Secure Trust Bank enters Right to Buy market
Secure Trust Bank Mortgages (STB) has launched into the Right to Buy market with a range of mortgages for tenants looking to purchase their existing home...
Starling announces partnership with the Post Office
Starling Bank has announced that it has partnered with the Post Office as it looks to offer every day banking services to its customers...