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Al-Rajhi Bank The Biggest Islamic Bank of the World By: Javed A. Abbasi, MBA, PMP Programme Manager Al-Rajhi Banking and Investment Corp. Saudi Arabia [email protected] [email protected]
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Nov 02, 2014

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Al-Rajhi BankThe Biggest Islamic Bank

of the World

By:Javed A. Abbasi, MBA, PMP

Programme ManagerAl-Rajhi Banking and Investment Corp.

Saudi [email protected]

[email protected]

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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

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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

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The Islamic Banking Market

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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

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The Islamic Banking Principle

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Islamic Banking Presentation. By Javed Abbasi

The Summary of what is allowed and what is not!

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Islamic Banking Growth

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Islamic Banking Presentation. By Javed Abbasi

Islamic Banking Growth

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Islamic Banks of Saudi Arabia

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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)

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Do you know?

The biggest bank in the middle east is……

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Al-Rajhi Banking & Investment Corp.

The biggest bank in the middle east in terms of number of

customer, branches, networks and offering

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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

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Do you know?

The biggest bank in the middle east is……

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Do you know?

The biggest bank in the middle east is an Islamic

Bank! Why?

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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

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What other Banks can learn from Al-Rajhi’s

Experience

How to be Number 1 Islamic Bank?

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Winning the Trust of the Customer

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Having the Right Product Mix

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Broader Role of the Sharia Department

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Satisfied Customers

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Following Best Practices and International Standards – People are Important but..

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Team Work and Synergy

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Islamic Banking Presentation. By Javed Abbasi

How to be a # 1Islamic Bank?

Committed Staff

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BS -7799At Al-Rajhi Bank

Thank You!