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Bank AlJazira (BAJ) is a Saudi Arabia based financial institution providing banking services and solutions in compliance with Islamic sharia law. It was founded in 1975 and provides a wide range of personal and corporate banking services including brokerage, asset management, treasury as well as retail banking products such as bank accounts, time deposits, credit and debit cards, mortgage loans, online banking and other services. With over 2,200 employees, it operates through a network of about 80 men branches, 19 ladies sections, 45 Fawri remittance centers and over 600 ATMs across the Kingdom. As of March 31, 2017, Bank AlJazira had SAR 65.114 billion (US$17.5 billion) in total assets, SAR 49.812 billion (US$13.4 billion) in customer deposits and SAR 41.328 billion (US$11.2 billion) in net loans. The company's market capitalization was SAR 6 billion as of July 4, 2017.
Subsidiaries and Associate Companies:
ALJazira Capital (AJC) is the investment banking arm and a Saudi closed joint stock company. It was named Regional Broker of the Year in 2015.
Takaful Taawuni - BAJ was the first financial institution in the country to introduce Takaful Ta'awuni in 2002 as a full-fledged sharia compliant alternative service for life insurance.
Head Office address:
Nahda District, Malik Road
Jeddah 21442
Kingdom of Saudi Arabia
SWIFT code: BJAZSAJE
Website: www.baj.com.sa