ALRAJHI BANK

Al Rajhi Bank Company Introduction

Al Rajhi Bank is a Saudi Arabian joint stock company and one of the largest Islamic banks in the world. Established in 1957 and incorporated as a joint stock company in 1978, it is a prominent financial institution providing a wide array of banking and financial services.

It is neither a factory nor a trader. Al Rajhi Bank is a financial services provider, specifically a bank.

The bank operates primarily in Saudi Arabia but also has a presence in other countries. It adheres strictly to Islamic Sharia principles in all its operations and offerings. Its core business activities include:

Retail Banking: Providing personal accounts, financing products (like home and auto finance), credit cards, and digital banking services to individual customers.

Corporate Banking: Offering financial solutions, treasury services, trade finance, and working capital solutions to businesses and corporations.

Investment Services: Managing assets, providing brokerage services, and offering investment funds.

Other Financial Services: Including insurance products and wealth management.

Al Rajhi Bank is recognized for its strong financial performance, extensive branch network, and leadership in the digital transformation of banking services in the region.

Al Rajhi Bank offers a comprehensive range of Sharia-compliant products and services across retail, corporate, and investment banking sectors.

Here are some of the products and services:

Retail Banking Products

Current Accounts

Savings Accounts

Investment Accounts

Personal Financing (Tawarruq, Murabaha)

Auto Financing (Ijarah, Murabaha)

Home Financing (Murabaha, Ijarah Muntahia Bittamleek)

Credit Cards (Murabaha based)

Debit Cards

Prepaid Cards

Family and Children Accounts

Digital Wallets

Foreign Currency Accounts

Corporate and Business Banking Products

Corporate Current Accounts

Corporate Savings Accounts

Business Financing (Working Capital, Project Finance, Trade Finance)

SME Financing Solutions

Cash Management Services

Treasury Products

Letters of Credit

Letters of Guarantee

Point of Sale (POS) Solutions

Payroll Services

Investment and Wealth Management Products

Investment Funds

Brokerage Services

Asset Management

Wealth Management Services

Private Banking Services

Sukuk and Equity Investments

Investment Accounts

Digital Banking Services

Online Banking Platform

Mobile Banking Application

ATM Services

Phone Banking

Digital Account Opening

Instant Payments

Other Services

Insurance Agency Services (Takaful)

Remittance Services

Safe Deposit Boxes