BLME or AL Rayan Sharia Accounts

ColdIron

Are you sure? I sent £40,000 to Marcus from Barclays with FP last Thursday and £40,000 by card yesterday
http://www.fasterpayments.org.uk/about-us/personal-transaction

karlie88

StellaN wrote: »

Had to send a cheque for the deposit because my bank Barclays only allow a bank transfer or debit card transaction up to £10K and on the app it is only £5K per transaction so snail post in the end!

I thought it was £10k/day on the app.

If you log on to online banking via a desktop/laptop and PINsentry, then the limit goes up to £50k for standard customers. Assume it's more for Premier customers.

GreenBitterfly

StellaN wrote: »

I have decided to go with the AL Rayan 2 year fixed bond paid out on maturity. They give options for payment on maturity of a) to your external bank account or b) to a new Al Rayan instant access account which could be useful if you want to take out another fixed bond?

Anybody done this before?

They send you a form close to maturity date, one of the options is to roll over the fixed rate bond into a new one.

neil324

Al Rayan, can you send multiple smaller amounts or does it have to be a single transfer when funding a fixed term?


I can't find any mention on their web site.

Fingerbobs

I phoned Al Rayan yesterday, and the person I spoke to advised me not to bother to send the Online Banking postal form, because they're launching a new Online Banking system next month, which you will be able to apply for completely online without having to return any forms.

neil324

Fingerbobs wrote: »

I phoned Al Rayan yesterday, and the person I spoke to advised me not to bother to send the Online Banking postal form, because they're launching a new Online Banking system next month, which you will be able to apply for completely online without having to return any forms.

Opening an account with them now. Everything is done on line already.

Fingerbobs

neil324 wrote: »

Opening an account with them now. Everything is done on line already.

You can open a new account online, but to apply for Online Banking you currently have to post a paper form. Apparently that will no longer be necessary from next month (so I was told).

neil324

Does anyone know about the Fixed Term Deposits. A single or multiple transfers? Would save me a phone call.....

soulsaver

IIRC you can with a phone call to ask them the process... otherwise they'll park it in a suspense ac waiting an instruction:)

neil324

Instruction? They have had that already.


Pardon me all over for asking though.....