Al Rajhi Bank Malaysia is an Islamic bank operating in Malaysia, established in 2006 as a subsidiary of the Saudi Arabia-based Al Rajhi Bank. While the bank originated in Malaysia in terms of its operations, it enjoys strong backing from its international parent company, which is one of the largest Islamic banks in the world. Headquartered in Kuala Lumpur, Al Rajhi Bank Malaysia aims to provide financial services based on Shariah principles for both the public and business entities.
Al Rajhi Bank itself was founded by the Al Rajhi family, with Sulaiman Abdul Aziz Al Rajhi as one of the primary founding figures who played a pivotal role in the development of modern Islamic banking. In Malaysia, the bank’s operations are managed by a professional board of directors responsible for business strategy, corporate governance, and Shariah compliance. The bank is also overseen by a Shariah Supervisory Board to ensure that all products and services comply with Islamic law.
Operating in the financial services and Islamic banking sectors, Al Rajhi Bank Malaysia provides a wide range of products, including Shariah-compliant savings and deposit accounts, home financing, vehicle financing, business financing, as well as card and digital transaction services. The bank also focuses on developing digital banking services to enhance convenience and efficiency for its customers. Through its commitment to Shariah principles, innovation, and service, Al Rajhi Bank Malaysia plays an active role in strengthening the Islamic financial industry and supporting economic growth in Malaysia.
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