AlRayan Bank

What AlRayan Bank does

AlRayan Bank (Q.P.S.C.) is a publicly listed Qatari Islamic bank (Qatar Stock Exchange ticker: MARA) headquartered in Lusail City, Doha, providing Sharia-compliant retail, corporate, premier, private, and investment banking services. Founded in 2007 and significantly expanded by the 2021 merger with Al Khalij Commercial Bank, the bank operates wholly owned subsidiaries in the United Kingdom (AlRayan Bank PLC), France (Al Khaliji France S.A.), and the UAE, supporting cross-border Islamic banking for Qatari corporates and the regional diaspora.

The product suite spans current and savings accounts (including the Al Thahabi high-profit and Al Tijori savings products), term deposits, kids accounts, and personal/home/car financing under Sharia structures (Murabaha and others). The cards portfolio includes Visa Platinum debit and credit cards, prepaid cards, and the Himyan co-brand with Qatar Airways Avios rewards. Corporate banking covers financial institutions relationships, trade finance, corporate financing, corporate cards (Himyan Corporate, Visa CommercialPay), and cash management. AlRayan Investment delivers asset management and financial advisory, alongside a Sukuk Program. Digital distribution is anchored by the AlRayan Go mobile app (iOS and Android), the AlRayan CorpNet corporate portal, and the Fawran QR-based wallet, with newer self-serve features including Visa Click To Pay, Visa Installments (BNPL), and Apple Pay for Himyan cards.

Revenue is generated through Islamic banking services — financing assets (up 1.5% YoY in H1 2026), customer deposits (up 8.4% YoY), trade finance, cash management, and investment banking fees — with H1 2026 net profit attributable to equity holders of QR687m and profit before tax of QR810m. The bank's technology backbone includes a bank-wide Enterprise Data Warehouse delivered in partnership with Qatar Datamation Systems (QDS), making it the first bank in Qatar with governed self-service analytics across all business functions. The bank is licensed by the Qatar Central Bank, regulated by the QFMA and Ministry of Economy and Commerce, and was the first Islamic bank globally to launch a Sustainable Finance Framework with a second-party opinion from S&P (April 2022).

Name

AlRayan Bank

Legal name

AlRayan Bank (Q.P.S.C)

Website

https://alrayan.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AlRayan Bank (Q.P.S.C.) is a publicly listed Qatari Islamic bank (QSE: MARA) offering Sharia-compliant retail, corporate, premier, private, and investment banking products, with international subsidiaries in the UK, France, and UAE.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Corporate Banking (FSABAGAC), Islamic Private Banking & Wealth (FSABAGAD), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Islamic banking services
• Sharia-compliant banking
• Retail banking
• Corporate banking
• Investment banking

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Islamic Banking Services: AlRayan Bank generates revenue through Sharia-compliant banking services including financing activities (personal finance, home finance, car finance), customer deposits, trade finance, cash management, and investment banking services. Revenue is driven by financing assets (growing 1.5% YoY) and customer deposits (increasing 8.4% YoY).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

AlRayan Bank operates as a full-fledged Islamic bank in Qatar providing Sharia-compliant retail banking products (current accounts, savings, term deposits, personal/home/car financing, cards), corporate banking services (trade finance, cash management, corporate cards, corporate financing, financial institutions services), premier and private banking for high-net-worth individuals, and investment banking services through AlRayan Investment covering asset management and financial advisory.

Product overview

AlRayan Bank operates as a full-fledged Islamic bank in Qatar offering a comprehensive suite of Sharia-compliant products across retail, corporate, and investment banking segments. The bank's retail offerings include current and savings accounts (Al Thahabi, Al Tijori), term deposits, kids accounts, and investment accounts. Its financing products cover personal finance, home finance, and car finance. The cards portfolio features Visa Platinum debit cards, credit cards, prepaid cards, and the co-branded Himyan card with Qatar Airways Avios rewards. Corporate banking services encompass financial institutions relationships, trade finance, corporate financing, corporate cards, and cash management. The bank also provides premier and private banking services, plus investment services through AlRayan Investment (asset management and financial advisory). Digital channels include the AlRayan Go mobile app, AlRayan CorpNet corporate banking platform, Fawran digital wallet for QR payments, e-commerce payment gateway, and Visa installment services. The bank maintains an enterprise data warehouse for analytics and offers an investor relations mobile application.

Differentiator

Problem solved

Functional benefit

Brands

• AlRayan Go: Mobile banking application offering all-in-one banking tools including money transfer, e-account management, digital wallets, and cards management.
• AlRayan CorpNet
• Himyan Cards
• Al Thahabi Account
• Al Tijori Account
• Fawran
• AlRayan Rewards
• Flexi Saving
• AlRayan Rewards Near Me

Products and services

• Current Account Sharia-compliant current account with no risk to customer funds, part of the retail banking suite for individual customers in Qatar.
• Savings and Investment Accounts
• Retail Financing Products
• Cards Portfolio
• Corporate Banking Services
• Premier Banking
• Private Banking
• AlRayan Investment
• Sukuk Program
• AlRayan Go Mobile Banking App All-in-one mobile banking application available on iOS and Android providing access to accounts, transfers, e-account management, digital wallets, and cards management including a self-service digital zone and travel security activation.
• AlRayan CorpNet Corporate Online Banking
• AlRayan Rewards Loyalty Program
• E-Commerce Payment Gateway
• Visa Installments
• Visa CommercialPay
• AlRayan IR Investor Relations Application

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

One partnership is on record.

• Qatar Datamation Systems (QDS)coreTechnology or Integration · 9 July 2026AlRayan Bank and Qatar Datamation Systems (QDS) completed a bank-wide enterprise data warehouse program, making AlRayan Bank the first bank in Qatar to extend governed, self-service analytics to every business function. The platform consolidates data from banking and operational systems into a single governed layer, enabling business, risk, and operational teams to access consistent reporting and analysis. This foundational capability supports AlRayan Bank's digital transformation toward modern, customer-centric Islamic banking.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Gatehouse Bank: Gatehouse Bank is a UK-based Sharia-compliant bank focused on real estate finance, wealth, and savings. Direct competitor to AlRayan UK in the London Islamic banking market.
• Qatar Islamic Bank (QIB): QIB is Qatar's largest Islamic bank and AlRayan's closest domestic competitor, offering the same full suite of Sharia-compliant retail, corporate, and investment banking products to the same Qatari customer base.
• Dubai Islamic Bank: Dubai Islamic Bank is the UAE's largest Islamic bank offering retail, corporate, and treasury Sharia-compliant products. Direct comparable in product mix, scale, and Gulf regional positioning.
• Qatar International Islamic Bank (QIIB): QIIB is another listed Qatari Islamic bank offering retail, corporate, and treasury Sharia-compliant products. Direct domestic peer competing for the same Qatari customer base and corporate financing mandates.
• Abu Dhabi Islamic Bank (ADIB): ADIB is a major UAE Islamic bank offering retail, corporate, private, and investment banking with a similar international footprint ambition. Direct competitor for cross-border Gulf Islamic banking clients.
• Al Rajhi Bank: Al Rajhi is the largest Islamic bank in Saudi Arabia and globally, operating a similar full-fledged retail-led Islamic banking model including financing, deposits, cards, and treasury. Strong comparable on digital banking scale and retail penetration.
• Kuwait Finance House (KFH): KFH is one of the largest Islamic banks globally with full retail, corporate, investment, and treasury capabilities. Competes with AlRayan in cross-border GCC Islamic banking and competes for the same institutional and HNW segments.
• Bank of London and the Middle East (BLME): BLME is a UK-based Islamic bank offering Sharia-compliant corporate, treasury, and wealth services. Direct peer to AlRayan's UK subsidiary (AlRayan Bank PLC) operating in the same London market.

Broad incumbents

• Maybank Islamic: Maybank Islamic is one of the largest Islamic banking franchises in Asia and a broad incumbent offering full retail, corporate, and treasury Sharia-compliant services. Comparable in scale of Islamic product offering and digital transformation journey.
• Saudi National Bank (SNB) - Islamic Banking: SNB is a major Saudi banking group with a large Islamic banking franchise. A broad incumbent that overlaps with AlRayan's corporate, retail, and investment capabilities as part of a larger diversified bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AlRayan Bank