Masraf Al Rayan

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Overview

Masraf Al Rayan is QE: MARK + Qatari Islamic bank + one of Qatar's largest Islamic banks by assets + Qatar Investment Authority QIA Qatar sovereign wealth fund + Qatar Foundation controlling minority + Al Khalij Commercial Bank al Khaliji Nov 30 2021 ~$11.4B merger consolidation ^{1, Qatar report}.

History

Jan 4 2006 — Masraf Al Rayan founded as Qatari Islamic bank distinctive Qatari Islamic banking heritage.

2014 — Al Rayan Mobile Banking app launch.

Nov 30 2021 — Masraf Al Rayan + Al Khalij Commercial Bank al Khaliji merger consolidation for ~$11.4B forming Qatar's #2 Islamic bank.

Ownership & operator

Operating entity: Masraf Al Rayan (Qatari Islamic bank; QE: MARK).

Major shareholders: Qatar Investment Authority QIA (Qatar sovereign wealth fund) + Qatar Foundation controlling minority + Qatari retail + institutional + foreign investors free float.

Regulators: QCB Qatar Central Bank + DSN Shariah Supervisory Board.

Technical integration

Al Rayan Mobile Banking app (iOS + Android) + alrayan.com online + Masraf Al Rayan branch network across Qatar + Al Rayan Bank UK Islamic banking subsidiary + Al Rayan Visa + Mastercard cards; QA IBAN + NFC Qatar + Qatar Mobile Payments + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Major Qatari banking + Islamic banking + payments competitors: QNB Group (QNB Mobile) (QNB Group; QE: QNBK; Qatar's largest commercial bank by assets) + QIB (Qatar Islamic Bank) (Qatar Islamic Bank; QE: QIBK; Qatar's largest Islamic bank by assets) + Commercial Bank of Qatar (CBQ) (Commercial Bank of Qatar CBQ; QE: CBQK; Qatari commercial bank) + Doha Bank (Doha Bank; QE: DHBK; Qatari commercial bank) + Qatar International Islamic Bank (Qatar International Islamic Bank QIIB; QE: QIIK; Qatari Islamic bank) + Ahli Bank (Ahli Bank Qatar; QE: ABQK; Qatari commercial bank).

Regulators: QCB Qatar Central Bank + DSN Shariah Supervisory Board.

Status

Active, QE:MARK + Qatari Islamic bank + one of Qatar's largest Islamic banks by assets + Qatar Investment Authority QIA Qatar sovereign wealth fund + Qatar Foundation controlling minority + Al Khalij Commercial Bank al Khaliji Nov 30 2021 ~$11.4B merger consolidation ^{1, 2}.

Sources

1 Al Rayan — official
2 Masraf Al Rayan — Wikipedia
^{Qatar report} In-corpus: reports/countries/QA-qatar.md

Source

Biography extracted from al-rayan-bank.md. See matrix.md for standards-support matrix if present.