# Al Rajhi Bank

> Source: https://docs.barcoder.ai/docs/wallets/al-rajhi-bank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Al Rajhi Bank — official](https://www.alrajhibank.com.sa/)

## Overview

**Al Rajhi Bank** is **the world's largest Islamic bank by market capitalization** + **Middle East's largest retail bank** <sup>[1][1], [2][2], [Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup>. **2025 baseline**:
- **Customers**: **18.5+ million** (largest retail bank in Middle East)
- **2024 mobile + online app logins**: **1+ billion** (distinctive digital engagement)
- **2025 net income**: **SAR 24,792 million (~$6.6B)** — outstanding performance via business growth + operating efficiency

**Distinctive Al Rajhi positioning**:
- **World's largest Islamic bank by market capitalization** — full Shariah-compliant banking.
- **Most comprehensive Islamic banking mobile experience** <sup>[3][3]</sup>: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration.
- **AI strategy dominance**: leading banking AI implementations.
- **Multi-country presence**: Saudi Arabia primary + Kuwait + Jordan + Malaysia.

## History

**1957 — Al Rajhi Bank founded** <sup>[2][2]</sup> by **Al Rajhi family** as Saudi Islamic banking institution.

**2000s-2024 — Mass GCC + Malaysia expansion** <sup>[1][1]</sup>: SA + KW + JO + MY presence.

**2024 — 1+ billion app logins** for the year (mobile + online combined) <sup>[1][1]</sup>.

**2025 — 18.5M+ customers + 2025 net income SAR 24,792M (~$6.6B)** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **Al Rajhi Banking and Investment Corporation** (Tadawul: 1120).

**Major shareholders**: **Al Rajhi family + Saudi institutional + Public Investment Fund (PIF; Saudi sovereign wealth fund) + Tadawul public float**.

**Regulators**: **SAMA (Saudi Central Bank)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | AlRajhi Mobile app (iOS + Android) + AlRajhi cards + AlRajhi branch network |
| **Identifiers** | Phone + email + card number + Saudi ID |
| **SA rails** | **[Mada](https://docs.barcoder.ai/docs/standards/mada) + [SARIE](https://docs.barcoder.ai/docs/standards/sarie)** (Saudi national debit + instant payments) |
| **License** | Islamic bank (full Shariah compliance throughout all features) |
| **Sub-products** | AlRajhi Account + AlRajhi Cards + AlRajhi Credit + AlRajhi Investments (Islamic) + AlRajhi Takaful (Islamic insurance) + AlRajhi for Business + AlRajhi Capital |
| **Islamic banking mobile distinctive**: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration |
| **AI strategy**: Leading banking AI implementations |

## Users & growth

**2025 baseline** <sup>[1][1]</sup>:
- **Customers**: 18.5+ million (largest retail bank in Middle East)
- **2024 mobile + online app logins**: 1+ billion
- **2025 net income**: SAR 24,792M (~$6.6B)
- **Multi-country**: SA + KW + JO + MY

## Use cases

Saudi + GCC + Malaysia Islamic retail + corporate banking via AlRajhi Mobile app + branches; Mada + SARIE Saudi national rails; Al Rajhi Capital investment + Al Rajhi Takaful Islamic insurance + Al Rajhi for Business; comprehensive Islamic banking mobile experience (Zakat calculation + halal merchant identification + prayer time integration).

## Implementations & partners

**Operator**: **Al Rajhi Banking and Investment Corporation** (Tadawul: 1120).

**Major shareholders**: **Al Rajhi family + Saudi institutional + PIF (Saudi sovereign wealth fund) + Tadawul public float**.

**Major Saudi banking competitors**:
- **[Saudi National Bank (SNB)](https://docs.barcoder.ai/docs/wallets/saudi-national-bank)** (Saudi National Bank; Saudi Arabia's largest bank by assets; SNB QuickPay + SNB Mobile)
- **[Riyad Bank + Riyad Mobile](https://docs.barcoder.ai/docs/wallets/riyad-bank)** (Riyad Bank; Saudi major bank; Riyad Mobile)
- **[STC Pay](https://docs.barcoder.ai/docs/standards/stc-pay)** (Saudi STC Pay; covered Batch 8; STC Bank context)
- **[Hala](https://docs.barcoder.ai/docs/wallets/hala)** (Saudi SME comprehensive infrastructure; covered Batch 13)
- **Banque Saudi Fransi + Arab National Bank + Saudi Investment Bank + Bank AlBilad + Bank AlJazira + Alinma Bank** (Saudi banking competitors)
- **[Foodics](https://docs.barcoder.ai/docs/wallets/foodics)** + **[Geidea](https://docs.barcoder.ai/docs/wallets/geidea)** + **[PayTabs](https://docs.barcoder.ai/docs/wallets/paytabs)** (Saudi fintech ecosystem context)

**Regulator**: **SAMA**.

## Fun facts

- **World's largest Islamic bank by market capitalization**.
- **Middle East's largest retail bank** — 18.5M+ customers.
- **2024 1+ billion mobile + online app logins** for the year — distinctive digital engagement.
- **2025 net income SAR 24,792M (~$6.6B)** — outstanding 2025 performance.
- **1957 founding by Al Rajhi family** as Saudi Islamic banking institution.
- **Multi-country presence**: Saudi Arabia + Kuwait + Jordan + Malaysia.
- **Most comprehensive Islamic banking mobile experience**: Islamic investment platforms + Zakat calculation tools + halal merchant identification + prayer time integration.
- **AI strategy dominance**: leading banking AI implementations.

## Comparison

| Feature | Al Rajhi Bank | [Saudi National Bank (SNB)](https://docs.barcoder.ai/docs/wallets/saudi-national-bank) (SA largest bank by assets rival) | [Riyad Bank + Riyad Mobile](https://docs.barcoder.ai/docs/wallets/riyad-bank) (Riyad Bank rival) | [STC Pay](https://docs.barcoder.ai/docs/standards/stc-pay) (Batch 8; STC Bank context) | [Abu Dhabi Islamic Bank (ADIB)](https://docs.barcoder.ai/docs/wallets/abu-dhabi-islamic-bank) (UAE Islamic banking comparable) |
|---|---|---|---|---|---|
| Operator | **Al Rajhi Banking and Investment Corporation (Tadawul: 1120; Al Rajhi family + PIF + Saudi institutional + Tadawul float)** | Saudi National Bank (SNB; Tadawul: 1180; SA's largest bank by assets post-NCB+Samba merger) | Riyad Bank | STC Pay (STC Bank subsidiary; STC = Saudi Telecom Company) | Abu Dhabi Islamic Bank PJSC (ADX: ADIB) |
| Type | **World's largest Islamic bank by market cap + Middle East's largest retail bank + comprehensive Islamic banking mobile experience** | SA's largest bank by assets + SNB Mobile + SNB QuickPay remittance | SA major bank + Riyad Mobile | SA telco-bank wallet | UAE Islamic banking + ADIB Direct corporate + Smart Sukuk Platform |
| Country | SA + KW + JO + MY | SA + multi-GCC | SA primary | SA primary | UAE + EG + UK + IQ + SA |
| Users | **18.5M+ customers (ME's largest retail bank); 2024 1B+ app logins; 2025 net income SAR 24,792M (~$6.6B)** | SA's largest by assets | Major SA | 12M+ users (Batch 8 covered baseline) | 1.5M + ~30% UAE retail client base |
| Distinctive | **World's largest Islamic bank by market cap; 1957 Al Rajhi family founding; full Shariah compliance throughout all features (Islamic investment + Zakat + halal merchant + prayer time integration); AI strategy banking leadership; multi-country SA + KW + JO + MY** | SNB post-NCB + Samba 2021 merger; SA's largest bank by assets | Saudi major bank | Saudi telco-bank | UAE Islamic banking + Nov 2025 ADIB Smart Sukuk Platform |

## Status

**Active, world's largest Islamic bank by market capitalization + Middle East's largest retail bank** <sup>[1][1], [3][3]</sup>:
- **Al Rajhi Banking and Investment Corporation (Tadawul: 1120)** since 1957.
- **18.5M+ customers + 2024 1B+ app logins + 2025 net income SAR 24,792M (~$6.6B)**.
- **Most comprehensive Islamic banking mobile experience**: Islamic investment + Zakat + halal merchant + prayer time integration.
- **Multi-country**: SA + KW + JO + MY.
- **SAMA regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/Alrajhi_Bank "Al Rajhi Bank — Wikipedia"
[2]: https://www.alrajhibank.com.sa/en "Al Rajhi Bank — official"
[3]: https://giraffy.com/ksa/en/learn/banking-money/accounts/best-apps "Best Mobile Banking Apps in Saudi Arabia 2025 — Giraffy"
[4]: https://www.klover.ai/al-rajhi-bank-ai-strategy-analysis-of-dominance-in-banking-ai/ "Al Rajhi Bank AI strategy analysis — Klover.ai"
[sa-cro]: https://docs.barcoder.ai/docs/payments/SA

- [1] [Al Rajhi Bank — Wikipedia][1]
- [2] [Al Rajhi Bank — official][2]
- [3] [Best Mobile Banking Apps in Saudi Arabia 2025 — Giraffy][3]
- [4] [Al Rajhi Bank AI strategy analysis — Klover.ai][4]
- <sup>[Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup> In-corpus: `reports/countries/SA-saudi-arabia.md`

## Source

Biography extracted from [al-rajhi-bank.md](https://docs.barcoder.ai/source/wallets/al-rajhi-bank). See `matrix.md` for standards-support matrix if present.