21. Masraf Al Rayan

Country: Qatar
Group CEO: Fahad Al Khalifa
Market value: $6.3 billion

Masraf Al Rayan provides Shariah-compliant banking services through 16 branches and 111 ATMs across Qatar. It also operates internationally, with subsidiaries in the U.A.E., the U.K., and France. In 2023, its total assets stood at $45.1 billion. In February 2024, U.K.-based Al Rayan Bank partnered with Educate A Child International to launch a new fixed-term deposit aimed at advancing education for marginalized and vulnerable children and young people.