---
title: "Alrayan Bank SWIFT/BIC code MAFRQAQAXXX · Qatar | Elucidate"
description: "SWIFT/BIC code MAFRQAQAXXX for Alrayan Bank, Qatar. Head-office BIC, LEI 254900KFL51VLXABR231, addresses and Swift connectivity."
url: https://elucidate.co/directory/alrayan-bank-mafrqaqa
---
1. [Directory](https://elucidate.co/directory)
2. [Qatar](https://elucidate.co/directory/country/qa)
3. Alrayan Bank
Qatar · Financial institution
# Alrayan Bank
Legal name in the LEI record AlRayan Bank Q.P.S.C
AlRayan Bank Q.P.S.C. is a Qatari public shareholding company. It was incorporated on 4 January 2006 and is based in Lusail, Qatar. Its shares are listed on the Qatar Stock Exchange. Qatar Investment Authority and its related entities hold about 20%. The bank provides Sharia-compliant retail, corporate, private and investment banking. Its subsidiaries include AlRayan Bank PLC in the United Kingdom and Al Khaliji France S.A. It absorbed Al Khalij Commercial Bank on 30 November 2021 and was renamed from Masraf Al Rayan Q.P.S.C. on 23 April 2025.
BIC **MAFRQAQAXXX** LEI **[254900KFL51VLXABR231](https://search.gleif.org/#/record/254900KFL51VLXABR231)** Licence no. **Not on a tracked register** Connected to Swift Head-office BIC only [Group: AlRayan Bank Q.P.S.C](https://elucidate.co/directory/group/254900KFL51VLXABR231) [Claim this profile](https://elucidate.co/directory/alrayan-bank-mafrqaqa#claim)
## Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** MAFRQAQAXXX head office
- **Connection to Swift:** Connected to Swift
- **Swift GPI:** Not on the member list
- **Payment schemes and systems:** No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- **Branch codes:** None: head-office BIC only
- **BIC first registered:** 2006-08-26
- **Last updated:** 2025-06-24
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/alrayan-bank-mafrqaqa#overview-sources)
Total assets
QAR 184.1bn
Group · 30 Jun 2026 · [interim report ↗](https://marblobstorage.blob.core.windows.net/files/arbfiles/FinancialSatements/EN/Masraf-Al-Rayan-FS-30-June-26-en.pdf)
Employees
Not published
Ownership
Publicly listed
Ticker MARK
Institution type
Islamic bank
Trades as AlRayan Bank
- **Standing:** The bank changed its legal name from Masraf Al Rayan Q.P.S.C. to AlRayan Bank Q.P.S.C. on 23 April 2025. It absorbed Al Khalij Commercial Bank (al khaliji) P.Q.S.C. on 30 November 2021.
- **Ownership:** The bank is listed and its largest shareholders are Qatari state entities: Qatar Investment Authority/Qatar Holding and related entities hold 19.89%, the Armed Forces Investment Portfolio holds 7.50% and the General Retirement and Social Insurance Authority holds 5.36%.
- **Major shareholders:** Qatar Investment Authority / Qatar Holding LLC and related entities 19.89% · 31 Jul 2026 Qatar Armed Forces Investment Portfolio (Barzan Holdings / Qatar Ministry of Defence) 7.5% · 31 Jul 2026 General Retirement and Social Insurance Authority 5.36% · 31 Jul 2026
- **Stock listing:** Qatar Stock Exchange MARK
- **Head office:** 69 Alad Al Sharqi Street, Lusail (PO Box 28888), Doha, Qatar (registered office: P.O. Box 28888, Lusail Marina, Qatar (as stated in the 30 June 2026 financial statements))
- **Company register:** Commercial registration no. 32010 (State of Qatar)
- **Name in the local language:** بنك الريان ش.م.ع.ق
- **Former name:** Masraf Al Rayan Q.P.S.C.
### Business lines
- Islamic banking
- Corporate banking
- Retail banking
- Private banking & wealth
- Trade finance
- Transaction banking & payments
- Cards
- Mortgage lending
- Asset management
- Investment banking
The bank reports five segments: corporate banking, retail banking, treasury and financial institutions, asset management and international operations. According to its 30 June 2026 statements, it has 13 branches in Qatar.
### Online
- **Websites & references:** [alrayan.com ↗](https://www.alrayan.com/)
- **Official social accounts:** [LinkedIn ↗](https://qa.linkedin.com/company/alrayanbankgroup) · [X ↗](https://x.com/alrayanbankgrp) · [Facebook ↗](https://www.facebook.com/alrayanbankgroup) · [Instagram ↗](https://www.instagram.com/alrayanbankgroup)
Sources · 11 pages consulted
1. [alrayan.com/en](https://www.alrayan.com/en)
2. [alrayan.com/about-us/management](https://www.alrayan.com/about-us/management)
3. [alrayan.com/about-us/board](https://www.alrayan.com/about-us/board)
4. [alrayan.com/en/contact-us](https://www.alrayan.com/en/contact-us)
5. [alrayan.com/en/investor-relations/financial-information/financial-statements](https://www.alrayan.com/en/investor-relations/financial-information/financial-statements)
6. [marblobstorage.blob.core.windows.net/files/arbfiles/FinancialSatements/EN/Masraf-Al-Rayan-FS-30-June-26-en.pdf](https://marblobstorage.blob.core.windows.net/files/arbfiles/FinancialSatements/EN/Masraf-Al-Rayan-FS-30-June-26-en.pdf)
7. [alrayan.com/corporate-banking/financial-institutions](https://www.alrayan.com/corporate-banking/financial-institutions)
8. [docs.londonstockexchange.com/sites/default/files/documents/AlRayan%20Bank%20-%20Supplement.pdf](https://docs.londonstockexchange.com/sites/default/files/documents/AlRayan%20Bank%20-%20Supplement.pdf)
9. [alrayan.com/en/press-release/Masraf-Al-Rayan-Unveils-AlRayan-Bank](https://www.alrayan.com/en/press-release/Masraf-Al-Rayan-Unveils-AlRayan-Bank)
10. [thepeninsulaqatar.com/article/27/03/2025/alrayan-bank-shareholders-meeting-endorses-agenda-items](https://thepeninsulaqatar.com/article/27/03/2025/alrayan-bank-shareholders-meeting-endorses-agenda-items)
11. [thepeninsulaqatar.com/article/22/07/2026/alrayan-bank-reports-net-profit-of-qr687m-for-h1](http://thepeninsulaqatar.com/article/22/07/2026/alrayan-bank-reports-net-profit-of-qr687m-for-h1)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/alrayan-bank-mafrqaqa#overview-sources)
- **Chief executive:** Fahad bin Abdulla Al Khalifa Group Chief Executive Officer Confirmed 29 Sep 2026 · [alrayan.com ↗](https://www.alrayan.com/about-us/management)
- **Chair:** H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani Chairman of the Board (non-executive, non-independent) Confirmed 29 Sep 2026 · [alrayan.com ↗](https://www.alrayan.com/about-us/board)
- **Chief financial officer:** Shahnawaz Niazi Group Chief Financial Officer Confirmed 29 Sep 2026 · [alrayan.com ↗](https://www.alrayan.com/about-us/management)
- **Executive:** H.E. Sheikh Hamad bin Faisal bin Thani Al Thani Vice Chairman of the Board and Chairman of the Executive Committee Confirmed 29 Sep 2026 · [alrayan.com ↗](https://www.alrayan.com/about-us/board)
- **Executive:** Mutaz Dana General Manager, Group Compliance and Anti-Money Laundering Confirmed 29 Sep 2026 · [alrayan.com ↗](https://www.alrayan.com/about-us/management)
## Supervisors & regulators
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/alrayan-bank-mafrqaqa#overview-sources)
- **Qatar:** Qatar Central Bank Central bank Prudential supervisor AML supervisor
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/alrayan-bank-mafrqaqa#overview-sources)
1. Mar 2026
Leadership
The general assembly elected the board of directors for the 2026-2028 term on 15 March 2026.
[alrayan.com ↗](https://www.alrayan.com/about-us/board)
2. Jun 2025
Leadership
Qatar's Ministry of Defence/Armed Forces Investment Portfolio appointed Khamis Mubarak Al Kuwari to the board on 26 June 2025.
[alrayan.com ↗](https://www.alrayan.com/about-us/board)
3. Apr 2025
Other
The bank changed its legal name from Masraf Al Rayan Q.P.S.C. to AlRayan Bank Q.P.S.C. on 23 April 2025.
[docs.londonstockexchange.com ↗](https://docs.londonstockexchange.com/sites/default/files/documents/AlRayan%20Bank%20-%20Supplement.pdf)
4. Mar 2025
Other
The extraordinary general meeting approved amendments to the articles of association, including the change of legal name to AlRayan Bank.
[thepeninsulaqatar.com ↗](https://thepeninsulaqatar.com/article/27/03/2025/alrayan-bank-shareholders-meeting-endorses-agenda-items)
5. Nov 2024
Other
The bank launched AlRayan Bank as its new trade name and brand identity on 26 November 2024.
[alrayan.com ↗](https://www.alrayan.com/en/press-release/Masraf-Al-Rayan-Unveils-AlRayan-Bank)
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
## Identifiers
Head-office record
- **BIC:** MAFRQAQAXXX
- **How the BIC breaks down:** 1. MAFR Bank 2. QA Country · Qatar 3. QA Location 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 254900KFL51VLXABR231
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/254900KFL51VLXABR231)
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
## Profile
- **Type:** Financial institution
- **Regulation:** Not on a tracked register
- **Register licences:** None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- **Country · region:** Qatar · Middle East & North Africa
- **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17
- **OFAC sanctions:** No listing cites this BIC
- **EU sanctions:** No listing matched this BIC or its LEI
- **Country sanctions:** No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
## Ownership and group
GLEIF relationship records
The AlRayan Bank Q.P.S.C group has 2 institutions in the directory, in 2 countries: all hold a BIC.
Including [Alrayan Bank Limited](https://elucidate.co/directory/alrayan-bank-limited-araygb22).
[See the AlRayan Bank Q.P.S.C group →](https://elucidate.co/directory/group/254900KFL51VLXABR231)
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
## Addresses
- **Registered address:** ALRAYAN TOWER 69 ALAD AL SHARQI STREET,LUSAIL DOHA QATAR
- **Operational address:** ALRAYAN TOWER 69 ALAD AL SHARQI STREET,LUSAIL DOHA DOHA QATAR
## ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- **Identified by:** BIC, with its LEI
- **Roles in CBPR+:** Any agent, including the instructing and instructed agents
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
MAFRQAQAXXX
254900KFL51VLXABR231
```
### Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
```xml
MAFRQAQAXXX
254900KFL51VLXABR231
ALRAYAN BANK
DOHA
QA
ALRAYAN TOWER 69 ALAD AL SHARQI STREET, LUSAIL DOHA
```
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
## Related institutions
### Subsidiaries in the directory
- [Alrayan Bank Limited BIC ARAYGB22 Financial institution Not on a tracked register United Kingdom · Not on a tracked register · LEI 213800AINT5U4D66UA65](https://elucidate.co/directory/alrayan-bank-limited-araygb22)
Entities that GLEIF records with this LEI as their direct parent.
### Largest institutions in Qatar
- [Qatar National Bank BIC QNBAQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 549300FFSRVBS0SQXY75](https://elucidate.co/directory/qatar-national-bank-qnbaqaqa)
- [Arab Bank PLC BIC ARABQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 2763XI5XJWWC6GNHAZ54](https://elucidate.co/directory/arab-bank-plc-arabqaqa)
- [Doha Bank BIC DOHBQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 549300O5KAG21BMZ8N83](https://elucidate.co/directory/doha-bank-dohbqaqa)
- [Ahli Bank QPSC BIC ABQQQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 213800KXAR1MXC1DZ106](https://elucidate.co/directory/ahli-bank-qpsc-abqqqaqa)
- [Industrial and Commercial Bank of China, Limited BIC ICBKQAQA Credit institution Prudential licence Qatar · On the FSB G-SIB list · LEI 5493002ERZU2K9PZDL40](https://elucidate.co/directory/industrial-and-commercial-bank-of-china-limited-icbkqaqa)
- [Qatar Central Bank BIC QMAGQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 254900PMALKJRL1YGQ18](https://elucidate.co/directory/qatar-central-bank-qmagqaqa)
- [Qatar Investment Authority BIC GQICQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 5493008JZL5CRK3VS565](https://elucidate.co/directory/qatar-investment-authority-gqicqaqa)
- [The Commercial Bank (P.S.Q.C) BIC CBQAQAQA Financial institution Not on a tracked register Qatar · Not on a tracked register · LEI 2138004FUUD4I7X8H721](https://elucidate.co/directory/the-commercial-bank-p-s-q-c-cbqaqaqa)
[See every BIC in Qatar →](https://elucidate.co/directory/country/qa#bics)
Claim this profile
## Work at Alrayan Bank?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
[Read the methodology →](https://elucidate.co/directory/methodology)
Credits for this page
- **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- **Overview, leadership, regulators and events**—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- **Images**—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: [alrayan.com](https://www.alrayan.com/en) (official website) · [original](https://www.alrayan.com/apple-touch-icon.png).
## Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
[Book a demo](https://elucidate.co/demo-request)
Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.