Bank AlJazira

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. The bank 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 50 branches across the Kingdom. As of December 31, 2011, AlJazira had SR38.9 billion (US$10.4 billion) in total assets, SR1.16 billion in customers’ deposits (US$8.31 billion) and 23.3 billion (US$6.21 billion) in loans and advances.

Subsidiaries:

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.

Awards:
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
Euromoney Award for Best Takaful Ta'awuni Provider, 2008
Policy Middle East Life Insurance Award for Best Takaful Ta'awuni Provider, 2008