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Al Rajhi Bank Malaysia is a bank based in Malaysia. Its head office is located at Kuala Lumpur, Malaysia. See also. Banks portal; Al-Rajhi Bank; List of banks;
Al Rajhi Bank was founded in 1957, and is one of the largest banks in Saudi Arabia, with over 9,600 employees and $88 billion in assets. The bank is headquartered in Riyadh, and has over 600 branches, primarily in Saudi Arabia, but also in Kuwait, and Jordan, with a subsidiary in Malaysia. The bank was started by four brothers, Saleh, Sulaiman ...
List of foreign banks (commercial) List of Licensed Banking Institutions in Malaysia (commercial) in alphabetical order. American Express Bank (Malaysia) Berhad. BNP Paribas Malaysia Berhad. Bangkok Bank Berhad. Bank of America Malaysia Berhad. Bank of China (Malaysia) Berhad. Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad.
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As of 2023, it is a trustee company, wholly owned by the Government of Malaysia, under the purview of the Ministry of Finance (Malaysia). Established in 1921 as the Department of Public Trustee and Official Administrator, the company was corporatized in 1995.
The Al Rajhi family is considered, by most in Saudi Arabia, as the country's wealthiest non-royals, and among the world's leading philanthropists. He established the Sulaiman Al Rajhi University in his hometown, a non profit university. The university's main focus is on health and Islamic banking, but contains other faculties as well.
Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses. In 1969, PWSBH merged with Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji (now known as Lembaga Tabung Haji ...
Kuala Lumpur is poised to become the global Islamic financing hub with an increasing number of financial institutions providing Islamic financing and the strong presence of Gulf financial institutions such as the world's largest Islamic bank, the Al-Rajhi Bank and Kuwait Finance House.