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    Mohammed bin Faisal Al Saud

    Mohammed bin Faisal Al Saud

    Awards & Honours

    0

    Awards Won

    2

    Records

    Mohammed bin Faisal Al Saud's greatest achievement lies in creating the blueprint for modern Islamic banking. He took a theoretical concept and turned it into functioning institutions that serve millions of Muslims worldwide. His banks in Egypt and Sudan were the first of their kind, and his insurance company introduced a Sharia-compliant alternative to conventional policies. These ventures have inspired a global industry worth trillions of dollars, and his vision continues to guide the sector's growth. He is remembered not for personal accolades but for the enduring impact of his work, which has made ethical finance accessible to a vast population.

    Mohammed bin Faisal Al Saud receiving an award

    Records & Feats

    First fully operational Islamic bank in Egypt

    Historic First·1975

    Founded the Faisal Islamic Bank of Egypt in 1975, the first fully functional Islamic bank in the Arab world outside Sudan.

    Pioneer of Takaful insurance

    Industry Milestone·1979

    Established the Takaful Islamic Insurance Company, introducing cooperative insurance under Sharia law to a global audience.