Alrajhi Bank

Alrajhi Bank began in 1957 as a small money-changing shop run by the Al Rajhi family in Saudi Arabia. Today it stands as the world's largest Islamic bank by capital, with total assets of SAR 808 billion (around USD 216 billion) and more than 20,000 employees. The bank's headquarters in Riyadh anchor a network that spans over 600 branches across the Kingdom, with additional branches in Kuwait and Jordan and subsidiaries in Malaysia and Syria.

The bank's growth mirrors the rise of Islamic finance itself. It operates under strict Sharia compliance, offering products that avoid interest and instead use profit-sharing and asset-backed structures. This approach has won it a loyal customer base, but it hasn't stopped the bank from pushing into digital innovation. Its mobile app, available on Android and iOS, is a key touchpoint for millions of customers, and the bank has invested heavily in online and mobile banking services.

Financially, the bank is a heavyweight. For fiscal year 2025, it reported net profit of SAR 24.8 billion, a 26% jump from the prior year. In the first half of 2026, net income rose another 14% to SAR 13.8 billion. The bank's market capitalization has exceeded SR 300 billion, making it one of the most valuable companies on the Saudi stock exchange. It also plays a role in capital markets, with its subsidiary Al Rajhi Capital managing large securitisation deals and expanding into international equities trading through a recent partnership with Benzinga. [edit]