Transcript
Al-Rajhi BankThe Biggest Islamic Bank
of the World
By:Javed A. Abbasi, MBA, PMP
Programme ManagerAl-Rajhi Banking and Investment Corp.
Saudi ArabiaJaved_abbasi@alrajhibank.com.sa
Javed_Abbasi@consultant.com
Islamic Banking Presentation. By Javed Abbasi
Agenda
Introduction Islamic Banking in the Middle East Islamic Banking in Saudi Arabia Al-Rajhi Bank the Biggest Bank in the Middle East Center of Excellence in Al-Rajhi Bank What we can learn from Al-Rajhi Bank’s Experience
Islamic Banking Presentation. By Javed Abbasi
Introduction
This presentation share the 8-year of experince of Islamic Banking in Kuwait and Saudi Arabia
Prime Focus will be Islamic Banking in Al-Rajhi Bank, Saudi Arabia
What to expect?
• Implementation Experience
• Publicly Available Information, facts and figure
What not to expect?
• Al-Rajhi Internal Information
Disclaimer: The views and opinion are of my own not of Al-Rajhi Bank
The Islamic Banking Market
Islamic Banking Presentation. By Javed Abbasi
The Islamic Banking Market
“There are about 270 Islamic banks around the
world (including subsidiaries of conventional banks), and together they hold assets estimated at more than $265 billion.
Their holdings are growing by 15 percent a year.”
Source: Mackansey Quaterly Report Oct 2005
The Islamic Banking Principle
Islamic Banking Presentation. By Javed Abbasi
The Summary of what is allowed and what is not!
Islamic Banking Growth
Islamic Banking Presentation. By Javed Abbasi
Islamic Banking Growth
Islamic Banks of Saudi Arabia
Islamic Banking Presentation. By Javed Abbasi
Islamic Banks of Saudi Arabia
Islamic Banks from Day One• Al-Rajhi Banking and Investment Corp• Al-Bilad Bank
Conventional Banks converted to Islamic bank
• Bank Al-Jaziera• National Commercial Bank
(Retail Banking, Dec 2005)
Do you know?
The biggest bank in the middle east is……
Al-Rajhi Banking & Investment Corp.
The biggest bank in the middle east in terms of number of
customer, branches, networks and offering
Islamic Banking Presentation. By Javed Abbasi
Al-Rajhi Banking and Investment Corp.
3-Million plus account holders 450 + Branches 1200+ ATMs 8,000 Employees, 5000+ are the
Saudi 30+ Islamic Banking Products Expected profit for Year 2005 is US$
1.5 billion
Do you know?
The biggest bank in the middle east is……
Do you know?
The biggest bank in the middle east is an Islamic
Bank! Why?
Islamic Banking Presentation. By Javed Abbasi
Why the Islamic Bank is a leading Bank in KSA
“In Saudi Arabia, about three-fourths of consumer deposits and half of all bank deposits are in noninterest-bearing accounts, giving Saudi banks a cost advantage over their counterparts in other countries.
By contrast, in the United Arab Emirates noninterest-bearing accounts do not exceed 25 percent of total deposits.”
Soruce: Mckansey Quaterly Report Oct-2005
What other Banks can learn from Al-Rajhi’s
Experience
How to be Number 1 Islamic Bank?
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Winning the Trust of the Customer
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Having the Right Product Mix
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Broader Role of the Sharia Department
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Satisfied Customers
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Following Best Practices and International Standards – People are Important but..
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Team Work and Synergy
Islamic Banking Presentation. By Javed Abbasi
How to be a # 1Islamic Bank?
Committed Staff
BS -7799At Al-Rajhi Bank
Thank You!
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