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| Al Rajhi Bank is
the largest Islamic banking group in the world recognized for being
instrumental in bridging the gap between modern financial demands
and intrinsic Islamic values. One of the fastest growing and most
progressive banks in Saudi Arabia, it owes its banking excellence to
its unwavering commitment to Shariah principles and the use of
technology to offer diverse products to meet customer needs. The
Group has a vast network of over 500 bank branches, 2,000 ATM
machines and over 18,000 POS installed all over the kingdom. |
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| Leveraging on its
established principles and operations in the Middle East, Al Rajhi
Bank ventured out as an international bank by setting up its first
overseas operations in Malaysia in October 2006. Operating on the
same platform as the home bank, Al Rajhi Bank Malaysia extensively
uses the latest banking technology to consistently provide customers
with speed and convenience in banking. It opened its first and main
branch at Jalan Ampang on 16th October 2006. Today, it has 19
branches, 14 in the Klang Valley, one each in Johor Bharu, Melaka,
Penang, Kuching and Kota Bharu. |
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| The bank is
expanding its suite of products and services that currently offers
Savings account-i, Current account-i, Personal financing-i, Charge
card-i, Debit card-i, Fixed term investment-i, Automobile financing-i,
Home financing-i, Structured Home Financing-i, Al Musafir Card-i and
customised corporate products. As of Feb 2008, Al Rajhi had a
customer base nearing 100,000 and the numbers are steadily growing.
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Who we are and where we come from
Based in Riyadh, Saudi Arabia, Al Rajhi Bank plays an integral part
in the life of the desert Kingdom. We've been serving its citizens,
financing its growth and contributing to Saudi development for over
50 years, catering for both the retail and wholesale needs of our
clientele. We've now grown into the country's largest branch and ATM
network with over 18,000 POS installed with merchants all over the
Kingdom. We're also one of the largest joint stock companies in
Saudi, with a paid-up capital of SR 13.5 billion (US$ 3.6 billion)
Malaysia marks our first foray into the international banking market
and it's an exciting and highly significant development in the
history of the bank.
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