Al Rayan Bank is the UK’s largest Islamic bank by assets, and one of the fastest growing banks in the country. Islamic banking operates without the use of interest and is founded on Islamic finance principles derived from trade, entrepreneurship and risk-sharing. Al Rayan Bank has a dedicated Sharia Compliance Department and a panel of respected Sharia Scholars, called the Sharia Supervisory Committee, which acts as an independent body to guarantee that its products and activities are Sharia compliant. Al Rayan Bank is authorized by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of Financial Services Compensation Scheme.