Who owns Al Rajhi Bank?
In 2006, the bank rebranded itself as Al Rajhi Bank. It is traded on the Saudi Arabian Stock Exchange (Tadawul), and around 75% of their shares are publicly owned. Al Rajhi family members are the bank’s largest shareholders.
Is Al Rajhi Islamic bank?
Deeply rooted in Islamic banking principles and operating on the same platform as its home bank, Al Rajhi Bank was established on the bedrock values of Integrity and Transparency, Passion to Serve Our Customers, Solution Oriented, Modesty, Innovativeness, Meritocracy and Care for Society.
What is special about Al Rajhi Bank?
With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 526 branches, more than 4,900 ATM’s, 290,302 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 215 remittance centers across the kingdom.
Is Al Rajhi Bank halal?
All Al Rajhi banking activities and financial transactions are in compliance with the principles of Shariah law and are overseen by a religious board comprised of Shariah scholars.
Which is the largest Islamic bank in the world?
Al Rajhi Bank
Saudi Arabia-based Al Rajhi Bank topped the ranking of the largest Islamic banks in the world, with total assets up by 22% to $125 billion in 2020.
Who is the owner of alinma bank?
Alinma Bank
Type | Private |
---|---|
Industry | Finance |
Founded | 2006 |
Headquarters | Riyadh , Saudi Arabia |
Key people | Abdulmalek bin Abdullah bin Hamad Al-Hogail, Chairman |
Which is the best bank in Saudi Arabia?
Saudi Arabia’s top 10 banks – ranked by Tier 1 capital and performance
- National Commercial Bank. Tier 1 capital. Overall performance.
- Al Rajhi Bank.
- Samba Financial Group.
- Riyad Bank.
- Saudi British Bank.
- Banque Saudi Fransi. Tier 1 capital. Overall performance.
How many customers does Al Rajhi Bank have?
9 million customers
Founded in 1957, Al Rajhi Bank today is the world’s largest Islamic bank with assets of SR 363 billion (USD 97 billion) and the largest retail bank in the Middle East serving more than 9 million customers with 12,877 employees.
How many branches does Al Rajhi Bank have?
526 branches
With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 526 branches, more than 4,900 ATM’s, 290,302 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 215 remittance centers across the kingdom.
Is interest allowed in Saudi Arabia?
There are numerous Qur’anic condemnations of “riba”, which, literally translated, means “increase”. This can either be taken to refer to “usury” or to “interest”. Interest-related transactions are not, therefore, illegal in Saudi Arabia. Rather, they are void and unenforceable.
Which country only has Islamic banks?
So far, the country only has two banks providing Islamic services….Advertisement.
Country | Bank | Assets Q2 2020 ($ Mil.) |
---|---|---|
Al Rajhi | Saudi Arabia | 111,382 |
Dubai Islamic Bank | UAE | 80,326 |
Kuwait Finance House | Kuwait | 66,870 |
Qatar Islamic Bank | Qatar | 45,550 |