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Masraf Al Rayan's current account ensures your money does not bear any risk and will always pay your full available credit balance upon request. This type of account is perfect for your day-to-day banking needs, with the option of a single or joint account.

Your eligible deposits with Al Rayan Bank are protected by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme, up to a total of £85,000. Most deposits are covered by the scheme.

An Islamic current account provides the account holder with a guarantee on the principal amount deposited. The account holders are not entitled to receive any profits, but do not bear any losses as well.

Al Rayan Bank is a UK bank. The Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our firm reference number is 229148. Al Rayan Bank is incorporated and registered in England and Wales with Registration No. 4483430.

If you do not have an existing savings account with Al Rayan Bank, you can apply online through our secure online application. If you already hold an account with Al Rayan Bank, you can apply for our saving accounts through your Mobile Banking facility.

Al Rayan Bank offers to customers the same banking services as conventional banks except that it operates in ance with the rules of Sharia (Islamic law). The absence of interest is one of the key factors that differentiates Al Rayan Bank from conventional banks.

Banks require Current Account holders to maintain a minimum amount as account balance on average within a quarter or month. For example, the minimum account balance for a regular Current Account with HDFC Bank is Rs 10,000.

Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks BankMonthly Average Balance (MAB)Free deposit limitsHDFC BankRs.75,00010 times the MABICICI BankRs.25,00012 times the MABAxis BankRs.10,000Up to Rs.2 lakhsIndusInd BankRs.10,000Up to Rs.2 lakhs3 more rows

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232