AlRayan Bank UK

The AlRayan Bank UK app provides mobile access to Sharia-compliant banking services, including management of savings accounts and fixed-term deposits. Users can open and operate accounts such as Cash ISAs and term deposits online or via the app, with minimum deposits starting from £1,000.[3][2]

Key features include secure card management with freeze options to lock cards instantly for fraud protection, along with customizable push notifications for transaction alerts.[1] The app supports monitoring of expected profit rates (EPR) on products like 6-month, 1-year, 2-year, and longer fixed-term deposits, as well as ISAs with rates around 4.1% to 4.20% AER, paid at maturity or compounded annually.[3][2][4]

Account operations cover deposits, withdrawals subject to terms, and early access options with penalties like loss of expected profit. Designed for Sharia-compliant savings, the app enables straightforward digital banking for UK residents seeking ethical finance alternatives.[3][4]

Website: alrayanbank.co.uk

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