We are delighted to announce that Al Rayan Bank, the UK’s longest-established and largest Islamic bank, has joined the Insignis Cash Solutions Platform.
Al Rayan Bank, the UK’s longest-established and largest Islamic bank, has joined the Insignis Cash Solutions platform.
Al Rayan Bank serves customers throughout the UK of all faiths and no faith at all. The Bank was the first Islamic bank in the country to receive a public credit rating and currently has an Aa3 rating from Moody’s Investors Service, one of the leading global rating agencies.
Founded in 2004, Al Rayan Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bank is a member of the Financial Services Compensation Scheme (FSCS) which protects eligible depositors’ savings up to a total of £85,000.
Maisam Fazal, Chief Commercial Officer of Al Rayan Bank said: “We are pleased to be working with Insignis Cash Solutions and help them expand their services for UK savers. Al Rayan Bank is the largest Islamic bank in Europe and we have a history of providing award winning, market-leading savings products. We look forward to partnering with Insignis to work on various product propositions to reach an even wider audience. ”
Paul Richards, Chairman of Insignis Cash Solutions, added: “We’re excited to announce Al Rayan Bank as the latest addition to our banking panel and pleased that they have chosen us to be their first cash platform. This addition will enable our clients to further diversify their portfolio across more Banks and Building Societies gaining higher returns and additional protection.”
About Insignis Cash Solutions
Insignis’ award-winning cash savings platform is designed to help clients earn better returns from their hard-earned cash. Insignis partners with wealth managers, financial planners and banks to empower savers to reduce risk, increase returns and save time. Insignis offers cash solutions for individuals, corporates, not-for-profit organisations, pensions, and trusts, across a range of deposit accounts.
Registered Office: Al Rayan Bank PLC, 44 Hans Crescent, London, England SW1X 0LZ. Company -registered in England and Wales No. 4483430. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No. 229148. The services/products referred to in this document are intended for use by United Kingdom (UK) residents only.
Nothing in this press release constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.