Commercial banking group opens new Birmingham office

Al Rayan Bank, a Sharia-compliant bank in the UK, has opened a new 8,853 sq ft office in Birmingham.
Located on Calthorpe Road in Edgbaston Village, the new office was inaugurated at an event attended by Sheikh Hamad Bin Faisal Bin Thani Al Thani, vice-chairman of the parent bank Masraf Al Rayan and Al Rayan Bank chairman Michael Williams.
The three-story building, which features a large communal workspace, will support the bank’s London head office.
The opening event saw the attendance of the bank’s board of directors, management and Birmingham-based staff.
Michael Williams, chairman of Al Rayan Bank, said, “The new operational office highlights the Bank’s commitment to Birmingham for the foreseeable future. We have invested significantly in creating the right working environment. This facility is a true asset to the Bank, and I know that my fellow Board members recognise the value of the investment they have made in this city and this site.”
Sheikh Hamad, Masraf Al Rayan vice-chairman, said: “This city holds a special significance for Al Rayan Bank – which means that it is very important to Masraf Al Rayan at Group level also. The Bank is now extremely well set up with our operational office here in Birmingham, supporting our Head Office in London, and our Group Headquarters in Doha. This structure will help to ensure that Al Rayan UK and Masraf Al Rayan Group are both well placed to face the challenges of the next decade.”