Bank AlJazira (BAJ) is a Saudi Arabia-based financial institution that provides banking services and solutions in compliance with Islamic Sharia. Bank Aljazira, founded in 1975 in Jeddah, offers a wide range of products and services including personal, commercial, corporate, investment and private banking. It provides only Islamic banking products and in recent years has developed its credit cards and e-commerce services for citizens and businesses. The Bank operates a network of more than 70 branches and 21 Ladies sections across the Kingdom. As of December 31, 2014, AlJazira had SAR 66.554 billion (US$17.7 billion) in total assets, SAR 54.569 billion (US$14.5 billion) in customer deposits and SAR 41.245 billion (US$11 billion) in net loans and advances. The market capitalization was SAR 8.3 billion as of October 15, 2015.
Subsidiaries and Associate Companies:
ALJazira Capital (AJC), the investment arm of Bank AlJazira, is a Sharia Compliant Saudi Closed Joint Stock company operating under the regulatory supervision of the Capital Market Authority.
Takaful Taawuni - BAJ was the first banking institution in Saudi Arabia to introduce Takaful Ta'awuni (TT) in 2002 as a full-fledged Shari'ah-compliant alternative solution for the traditional life insurance. Since then, TT proved itself as a market leader and has been growing fast to satisfy clients' needs.
Best Retail Bank in the Kingdom in 2014, World Finance Magazine
Best Bank in Credit Cards, The Banker Middle East, 2014
Best Real Estate Financing Bank, The Banker Middle East, 2014
Euromoney Award for Best Takaful Ta'awuni Provider, 2008; Policy Middle East Life Insurance Award for Best Takaful Ta'awuni Provider, 2008
Policy Middle East Life Insurance Award for Best Takaful Ta'awuni Provider, 2007
Kleef Islamic Finance Policy Award for Best Takaful Ta'awuni Provider, 2007
Euromoney Project Year Award for Best Finance Deal, 2007; Middle East Electronic Banking Award, 2007
Financials (SAR, m)
Head Office address:
Nahda District, Malik Road
P.O. Box 6277, Jeddah 21442
Kingdom of Saudi Arabia
Phone number: 800 244 0404
+966 11 431 7474