Currently around 16% of Al Rayan Bank’s retail asset sales come via intermediaries, less than half of the amount that come via the Bank’s direct channel or branch and agency network. The growth of the intermediaries channel is a key focus for the Bank and it has continued to invest in its proposition for the advisers market.
The new website, www.alrayanintermediaries.co.uk, follows the appointment of a dedicated Intermediary Specialist and supports the Bank’s existing Intermediaries Helpline (0800 694 7238) and dedicated email, intermediaries@alrayanbank.co.uk.
The mobile responsive website has been designed to be used in the office or on the move. It provides all of the information and support that intermediaries need to help them advise on Al Rayan Bank’s range of ethical, Sharia-compliant mortgage alternatives: Home Purchase Plans (HPP), HPP Scotland (HPPS) and the Buy To Let Purchase Plan (BTLPP).
It also contains easy-to-use calculators and guidance on the straightforward process of referring cases, as well as details of the Bank’s competitive procuration fees on referred cases:
• Home Purchase Plan 0.35% (gross)
• Buy To Let Purchase Plan 0.50% (gross).
As part of the support package, intermediaries can request a visit to their office from a representative of Al Rayan Bank to discuss Islamic financial products in more detail, and request training.
Sagheer Malik, Senior Sales Manager for Al Rayan Bank PLC, said: “The development of ongoing relationships with intermediaries is an important focus for the Bank. As well as providing information on how intermediaries can refer cases to Al Rayan Bank, the new dedicated website will help raise awareness of Islamic home finance amongst the general mortgage intermediary market, helping advisers to better service the needs of the British Muslim market.”
Al Rayan Bank has been a pioneer of British retail Islamic banking for 12 years, and is dedicated to strong, faith-based ethics and great customer service. The first wholly Sharia compliant retail bank in the UK, it currently has over 60,000 retail, business and premier customers and has earned a reputation for providing innovative products which appeal to people of any faith. This approach has helped it to achieve global recognition for its outstanding success.
The Bank has also been recognised as an ethical alternative to conventional banks by the Move Your Money campaign and Ethical Consumer magazine, which in 2014 placed Al Rayan Bank in the top ten of ethical current account providers. Last year Al Rayan Bank was named by Global Finance magazine as one of the best Islamic banks in the world, in its annual list of the World’s Best Islamic Financial Institutions, and by Trade Finance Global as the Best Islamic Finance Services in Western Europe.
