Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 184 billion (US$ 49 bn), a paid up capital of US$4 billion and an employee base of over 7,500 associates. With over 50 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.
With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 466 branches, over 100 dedicated ladies branches, more than 2,750 ATM's, 21,000 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 130 remittance centers across the kingdom. The first men's branch was opened in Aldirah in 1957, with the first ladies branch being opened in AlShmaisi in 1979.
As one of the leading and most progressive banks in Saudi Arabia, Al Rajhi Bank recorded net income profits of SR 6,771 in 2010. Al Rajhi Bank operates in multiple segments and continues to grow through diversification of income resources and development of the investment and corporate banking sectors which build on the strong retail banking base.
Al Rajhi Bank also continues to develop banking programs and projects with a focus on the latest electronic services and investment products in order to offer innovative banking and investment services, especially e-banking. At Al Rajhi Bank, we have achieved leadership through offering new electronic channels that answer customers’ needs and aspirations, simplifying their efforts whilst saving time. The Bank has also worked on numerous electronic governmental projects in collaboration with many official sectors.
Our ongoing commitment and focus on caring for our customers through the delivery of quality products and services has been recognized through the numerous awards obtained from independent institutions all over the world. During 2010 the bank received several awards from Euromoney, Banker Magazine and The Asian Banker for achievements in retail and corporate banking.
Al Rajhi Bank ventured into the Malaysian market in 2006 after being the first foreign bank to be awarded a full-banking license by the Bank Negara Malaysia. Malaysia marked the bank's first foray into the South East Asian banking scene, whereby the core banking products were introduced to the Asian market providing a whole new Islamic banking experience. Al Rajhi Bank currently has 19 branches in Malaysia.
Al Rajhi Bank is now operating in Kuwait with a fully fledged branch offering retail and corporate banking solutions.
Al Rajhi Bank is now operating in Jordan with 2 branches fully functional in Amman.
We are proud to offer you fully Sharia’a compliant personal finance in less than 30 minutes! Yes, 30 minutes is all it will take to provide you with the means to renovate your home, prepare your dream wedding, ensure your children’s education, or simply deal with those troublesome and unexpected expenses.
All you need to do is complete our user-friendly application in just a few minutes and by the time you have finished your coffee, your request would be signed and approved!