Ayandeh Bank, which offers retail and commercial services such as accepting deposits, making business loans, and offering basic investment products, was established in which city?
Commercial bank A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products. Commercial bank can also refer to a bank, or a division of a large bank, which more specifically deals with deposit and loan services provided to corporations or large/middle-sized business - as opposed to individual members of the public/small business - retail banking, or merchant banks.
Al Rayan Bank Al Rayan Bank PLC (formerly known as Islamic Bank of Britain) is a commercial bank in the United Kingdom, established in August 2004 to offer Sharia compliant financial service products to customers of any faith. The bank has branches in London, Birmingham, Manchester and Leicester and agencies in Blackburn, Luton, Tooting, Wembley, Ilford, Bradford and Glasgow. It is the first British bank claiming to operate, in its entirety, according to Islamic principles. The bank welcomes people of all faiths and is becoming increasingly popular with non-Muslims, looking for an ethical alternative to conventional banks.