Al Rajhi Bank

Al Rajhi Bank, formerly known as Al Rajhi Bank and Investment Group, is a bank located in Saudi Arabia and the largest Islamic bank in the world in terms of capital according to data from 2015. With about SR 330.5 billion in AUM ($88 billion) and more than 600 branches, the bank is one of the largest holding businesses in Saudi Arabia and a significant investor in the country's economy.

The company's headquarters is located in Riyadh with six regional offices. In addition to having locations in Kuwait and Jordan, Al Rajhi Bank also has subsidiaries in Malaysia and Syria. Al Rajhi Bank provides a comprehensive range of financial services, including credit cards, consumer loans, investment advice, stock trading, remittances, and deposits. All services are offered in accordance with Islamic standards.

Al Rajhi joined the government's initiative to promote house ownership by providing mortgages with real estate as collateral in September 2016, making it the first bank in Saudi Arabia to do with a limited budget. With intentions to shift its focus toward small and medium-sized firms (SMEs), the bank has started to diversify its revenue sources as the Saudi Arabian government conducts a wider social reform program and the National Transformation Program (NTP). According to statistics as of 2016, 70% of Al Rajhi's assets and around 60% of its revenue are generated from consumer banking, which accounts for 18% of the mortgage market share in the UK.

Founded: 1957
Headquarters: Riyadh, Saudi Arabia

Website: https://www.alrajhibank.com.sa/en