The Savings Guru Podcast


Interview with Marklew Rice of Al Rayan Bank - Savings Guru Podcast #3

Season 1, Ep. 3

Show Notes

In the third episode of the Savings Guru Podcast, James talks to Marklew Rice, Head of Product Management at Al Rayan Bank about Sharia banking, interest rates vs expected profit rates, and attracting non-Muslim customers.

00:40 How Al Rayan Bank got started in the UK.

02:00 The difference between interest and expected profit rates.

05:30 Why Al Rayan launched an easy access product.

07:25 Why Al Rayan chose to have branches as well as online banks.

09:40 Is attracting non-Muslim customers a challenge?

13:25 What would Mark do if he were Chancellor of the Exchequer for a day?

18:20 What changes are likely in the market?

To find out more about Al Rayan Bank, go to

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