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Report: Some Al Rayan Bank clients have links with Islamists

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Report: Some Al Rayan Bank clients have links with Islamists

Some clients of U.K.-based Al Rayan Bank PLC, which is controlled by the Qatari government, have connections with hard-line Islamists, The Times of London reported, citing its analysis of the bank's clients.

One of Al Rayan's clients is a charity banned in the U.S. and considered a terrorist group there, according to the Aug. 5 report, adding that some other clients of the bank, including a mosque and three charities, had accounts blocked by western banks such as HSBC Holdings PLC, Barclays PLC and NatWest Holdings Ltd.

The Charity Commission of U.K. is reportedly investigating four groups that have accounts at Al Rayan Bank, and two of the groups recently came under investigation by communications regulator Ofcom, the report added.

The British bank, which offers Shariah-compliant banking services to more than 85,000 customers, said it complies with all government regulations and only offers services to companies authorized to operate within U.K., the newspaper added.