Masraf Al Rayan was incorporated as a Qatari Public Shareholding Company in 2006 and is a Shari’ah-compliant bank headquartered in Doha, Qatar. 10%), the same as with an Islamic mortgage. Historically, Al Rayan started off as the “Islamic Bank of Britain” with a strong Muslim community focus and looking to offer sharia-compliant mortgages from day one. Al Rayan Bank follows Sharia law, which forbids companies from charging interest. Qatar Armed Forces Investment Fund is the second largest shareholder with 9.3% of common stock, followed by Qatar National Bank Asset Management, holding 4.8% of the stock. They put Al-Rayan as the Registered Owner of the property on Land Registry and put myself and wife as a leaseholder over 25 years. – Shared ownership scheme allows profit for the buyer. Qatari government entities are major shareholders with more than 50% ownership and the bank is currently rated A1 by Moody’s. The greatest problem with using Al-Rayan and other Islamic bank mortgages come when selling the pretty as my family experiences. For example, if I buy the property at market rate of 300,000 and own 20% (I paid 60k) and should I decide to sell the property at 400,000, I get 20% of that 400,000. As a Sharia compliant product, Al Rayan Bank’s HPPs are based on co-ownership and lease agreements arranged using separate principles of Islamic finance: With a HPP, of say 20 years, Al Rayan Bank and the customer buy the property jointly. That last bit is important – because sometimes banks say they are ready to give out mortgages, but don’t in reality have sufficient money to do that at any great scale. You also pay rent on the share that you don’t own ( similar to an Islamic mortgage). The bank has two branches in London, and a branch in Birmingham.It also has agencies in Luton, Tooting and Bradford. General Assembly Information; Corporate Governance Report; Invitation to attend the Ordinary General Assembly of Masraf el Rayan on 3/18/2020 ABOUT MASRAF AL RAYAN. You’ll buy a percentage of your property with your mortgage deposit, while the rest will be owned by the bank. Please contact the nearest Masraf Al Rayan branch for the exact calculation. Its version of a repayment mortgage works similarly to a shared ownership agreement. Get in touch. IBB was listed on the stock exchange and its shareholders included people like you and me. Al Rayan is a Bank in transition. Hedge funds don't have many shares in Masraf Al Rayan (Q.P.S.C.). Al Rayan Bank are the largest and oldest Islamic bank. They have the widest range of Islamic mortgage products in the market, and are well capitalized. Qatar Holding LLC is currently the largest shareholder, with 12% of shares outstanding. 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