INTERVIEW: UK’s Al Rayan Bank navigating crisis with a new CEO in a time of pandemic
Major British banks made provisions against losses of more than £7.5 billion in the first quarter in the face of the pandemic, nearly 6x the amount in the same period last year, said credit rating agency S&P in May. Islamic bank Al Rayan is not a “major” UK bank but the COVID-19 crisis will most certainly test its resilience.
Peter Horton did not have a normal start to his new job as the chief executive of the UK’s oldest fully-fledged retail Islamic bank.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
