Relaunch of UK Islamic Fintech Panel; Al Rayan partners with the broker

Ahead of the UK Fintech Week, the independent group of Islamic finance and fintech practitioners has reconvened under the UK Islamic FinTech Panel (the Panel) chaired by Harris Irfan.

The Panel, formed last year, aims to promote the UK Islamic fintech sector and bring together thought leaders to support the development of the sector. In 2019, the Panel aims to build on the work in the previous year with a greater focus on connecting entrepreneurs with the government, and building international connections.

The achievements of the Panel to date include providing networking opportunities for the UK Islamic fintech community, involvement with the UK government and creating international connections. The panel aims to continue building momentum for the Islamic fintech sector by leveraging London’s leading position as a global fintech hub and a center for Islamic finance in the western hemisphere.

Al Rayan Bank announced a partnership with Alexander Hall, one of the UK’s largest mortgage brokers. Alexander Hall is the sister company of Foxtons Estate Agents and has been added to Al Rayan’s panel of mortgage brokers helping Al Rayan increase awareness of its home finance products. Alexander Hall as an intermediary firm will refer domestic Islamic home finance enquiries within the UK, as well as handle enquiries from expats in GCC countries who wish to invest in UK property from overseas.

This article was first published in Islamic Finance news Volume 16 Issue 20 dated the 22nd May 2019.

Suhail Ahmad is a partner at Gateway Islamic Advisory. He can be contacted at [email protected].