Al Rayan Bank relocates to new operational headquarters in Birmingham

AL Rayan Bank, which has been headquartered in Birmingham since it was founded in 2004, is relocating to new offices in Edgbaston.

The bank’s recent growth, together with its future development plans, compelled it to find a larger operational headquarters.

It has purchased offices in Calthorpe Road and will move one hundred of its employees from its current leased offices later this month.
 
In February 2014 the bank was acquired by Masraf Al Rayan, the second largest Islamic bank in Qatar by market value.

A rebrand – from Islamic Bank of Britain – followed before the bank posted its most impressive financial performance to date.
 
Sultan Choudhury, CEO, Al Rayan Bank, said: “Al Rayan Bank is beginning the next chapter in its history, and Birmingham remains the perfect location for our operational headquarters. 

“Birmingham is a growing city, with first-class modern infrastructure and excellent transport links.  And with over 20,000 people employed in financial services, the city has a talented workforce able to support the future growth of the bank.”
 
Al Rayan Bank’s new offices at 24a Calthorpe Road, Edgbaston are significantly larger than its current administrative centre. With 17,600 sq ft of floor space, the new operational headquarters boasts almost twice as much space as the bank’s existing premises and provides room for the anticipated future expansion of every department. 

In addition to its headquarters in Edgbaston, Al Rayan Bank also has a branch in the Small Heath area of the Birmingham.