Wallets/al-rajhi-bank
Al Rajhi Bank
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Overview
Al Rajhi Bank is the world's largest Islamic bank by market capitalization + Middle East's largest retail bank [1, 2, sa-cro]. 2025 baseline:
- Customers: 18.5+ million (largest retail bank in Middle East)
- 2024 mobile + online app logins: 1+ billion (distinctive digital engagement)
- 2025 net income: SAR 24,792 million (~$6.6B) — outstanding performance via business growth + operating efficiency
Distinctive Al Rajhi positioning:
- World's largest Islamic bank by market capitalization — full Shariah-compliant banking.
- Most comprehensive Islamic banking mobile experience [3]: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration.
- AI strategy dominance: leading banking AI implementations.
- Multi-country presence: Saudi Arabia primary + Kuwait + Jordan + Malaysia.
History
1957 — Al Rajhi Bank founded [2] by Al Rajhi family as Saudi Islamic banking institution.
2000s-2024 — Mass GCC + Malaysia expansion [1]: SA + KW + JO + MY presence.
2024 — 1+ billion app logins for the year (mobile + online combined) [1].
2025 — 18.5M+ customers + 2025 net income SAR 24,792M (~$6.6B) [1].
Ownership & operator
Operating entity: Al Rajhi Banking and Investment Corporation (Tadawul: 1120).
Major shareholders: Al Rajhi family + Saudi institutional + Public Investment Fund (PIF; Saudi sovereign wealth fund) + Tadawul public float.
Regulators: SAMA (Saudi Central Bank).
Technical integration
| Layer | Description |
|---|---|
| Channels | AlRajhi Mobile app (iOS + Android) + AlRajhi cards + AlRajhi branch network |
| Identifiers | Phone + email + card number + Saudi ID |
| SA rails | mada + sarie (Saudi national debit + instant payments) |
| License | Islamic bank (full Shariah compliance throughout all features) |
| Sub-products | AlRajhi Account + AlRajhi Cards + AlRajhi Credit + AlRajhi Investments (Islamic) + AlRajhi Takaful (Islamic insurance) + AlRajhi for Business + AlRajhi Capital |
| Islamic banking mobile distinctive: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration | |
| AI strategy: Leading banking AI implementations |
Users & growth
2025 baseline [1]:
- Customers: 18.5+ million (largest retail bank in Middle East)
- 2024 mobile + online app logins: 1+ billion
- 2025 net income: SAR 24,792M (~$6.6B)
- Multi-country: SA + KW + JO + MY
Use cases
Saudi + GCC + Malaysia Islamic retail + corporate banking via AlRajhi Mobile app + branches; Mada + SARIE Saudi national rails; Al Rajhi Capital investment + Al Rajhi Takaful Islamic insurance + Al Rajhi for Business; comprehensive Islamic banking mobile experience (Zakat calculation + halal merchant identification + prayer time integration).
Implementations & partners
Operator: Al Rajhi Banking and Investment Corporation (Tadawul: 1120).
Major shareholders: Al Rajhi family + Saudi institutional + PIF (Saudi sovereign wealth fund) + Tadawul public float.
Major Saudi banking competitors:
- [[saudi-national-bank]] (Saudi National Bank; Saudi Arabia's largest bank by assets; SNB QuickPay + SNB Mobile)
- [[riyad-bank]] (Riyad Bank; Saudi major bank; Riyad Mobile)
- stc-pay (Saudi STC Pay; covered Batch 8; STC Bank context)
- [[hala]] (Saudi SME comprehensive infrastructure; covered Batch 13)
- Banque Saudi Fransi + Arab National Bank + Saudi Investment Bank + Bank AlBilad + Bank AlJazira + Alinma Bank (Saudi banking competitors)
- [[foodics]] + [[geidea]] + [[paytabs]] (Saudi fintech ecosystem context)
Regulator: SAMA.
Fun facts
- World's largest Islamic bank by market capitalization.
- Middle East's largest retail bank — 18.5M+ customers.
- 2024 1+ billion mobile + online app logins for the year — distinctive digital engagement.
- 2025 net income SAR 24,792M (~$6.6B) — outstanding 2025 performance.
- 1957 founding by Al Rajhi family as Saudi Islamic banking institution.
- Multi-country presence: Saudi Arabia + Kuwait + Jordan + Malaysia.
- Most comprehensive Islamic banking mobile experience: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration.
- AI strategy dominance: leading banking AI implementations.
Comparison
| Feature | Al Rajhi Bank | [[saudi-national-bank]] (SA largest bank by assets rival) | [[riyad-bank]] (Riyad Bank rival) | stc-pay (Batch 8; STC Bank context) | [[abu-dhabi-islamic-bank]] (UAE Islamic banking comparable) |
|---|---|---|---|---|---|
| Operator | Al Rajhi Banking and Investment Corporation (Tadawul: 1120; Al Rajhi family + PIF + Saudi institutional + Tadawul float) | Saudi National Bank (SNB; Tadawul: 1180; SA's largest bank by assets post-NCB+Samba merger) | Riyad Bank | STC Pay (STC Bank subsidiary; STC = Saudi Telecom Company) | Abu Dhabi Islamic Bank PJSC (ADX: ADIB) |
| Type | World's largest Islamic bank by market cap + Middle East's largest retail bank + comprehensive Islamic banking mobile experience | SA's largest bank by assets + SNB Mobile + SNB QuickPay remittance | SA major bank + Riyad Mobile | SA telco-bank wallet | UAE Islamic banking + ADIB Direct corporate + Smart Sukuk Platform |
| Country | SA + KW + JO + MY | SA + multi-GCC | SA primary | SA primary | UAE + EG + UK + IQ + SA |
| Users | 18.5M+ customers (ME's largest retail bank); 2024 1B+ app logins; 2025 net income SAR 24,792M (~$6.6B) | SA's largest by assets | Major SA | 12M+ users (Batch 8 covered baseline) | 1.5M + ~30% UAE retail client base |
| Distinctive | World's largest Islamic bank by market cap; 1957 Al Rajhi family founding; full Shariah compliance throughout all features (Islamic investment + Zakat + halal merchant + prayer time integration); AI strategy banking leadership; multi-country SA + KW + JO + MY | SNB post-NCB + Samba 2021 merger; SA's largest bank by assets | Saudi major bank | Saudi telco-bank | UAE Islamic banking + Nov 2025 ADIB Smart Sukuk Platform |
Status
Active, world's largest Islamic bank by market capitalization + Middle East's largest retail bank [1, 3]:
- Al Rajhi Banking and Investment Corporation (Tadawul: 1120) since 1957.
- 18.5M+ customers + 2024 1B+ app logins + 2025 net income SAR 24,792M (~$6.6B).
- Most comprehensive Islamic banking mobile experience: Islamic investment + Zakat + halal merchant + prayer time integration.
- Multi-country: SA + KW + JO + MY.
- SAMA regulated.
Sources
- 1 Al Rajhi Bank — Wikipedia
- 2 Al Rajhi Bank — official
- 3 Best Mobile Banking Apps in Saudi Arabia 2025 — Giraffy
- 4 Al Rajhi Bank AI strategy analysis — Klover.ai
- sa-cro In-corpus:
reports/countries/SA-saudi-arabia.md
Source
Biography extracted from al-rajhi-bank.md. See matrix.md for standards-support matrix if present.