Al Rajhi Bank

Universal bank · Riyadh, Saudi Arabia

Al Rajhi Bank is the largest Islamic bank in the world and the second largest bank in Saudi Arabia by assets. Total assets reached SAR 1,043 billion (USD 278 billion) at the end of 2025 and net income was SAR 24.8 billion. All products are Sharia-compliant, so current accounts pay no interest and trade products include Musharaka letters of credit. Outside Saudi Arabia it has 13 branches in Jordan, 2 in Kuwait and 13 in Malaysia. Cryptocurrency remains unlicensed in Saudi Arabia and the bank offers no crypto products.

Legal name: Al Rajhi Banking and Investment Corporation
Regulated by: Saudi Central Bank (SAMA), Capital Market Authority (Saudi, Al Rajhi Capital), Bank Negara Malaysia (Al Rajhi Bank Malaysia), Central Bank of Jordan, Central Bank of Kuwait
Licence confirmed: yes, on a regulator's own list
Established: 1957
Website: www.alrajhibank.com.sa

Scores, 0 to 10

8.5Financial strength & stability

Fitch A (Dec 2025), S&P A (Mar 2025), Moody's A1, impaired financing 1% and ROE 23.4%. · source

8.0Middle East & Gulf

Second largest Saudi bank with SAR 1,043 billion assets and branches in Jordan and Kuwait, but no UAE or Qatar presence. · source

7.5Customer satisfaction

AlRajhi Mobile rated 4.7 out of 5 from 3.6 million ratings on the Saudi App Store. · source

7.0Trade, manufacturing & import-export

Letters of credit, Musharaka LCs, guarantees, documentary collections and supply chain finance via eTrade. · source

7.0Business cards (Visa, Mastercard)

Business Debit Card on mada and Visa with free issuance, instant digital issuance and a 2.75% FX markup; Corporate Prepaid mada-Visa cards cost SAR 90 a year with per-card limits and merchant restrictions. · source

5.0Cross-border payments, FX and multi-currency accounts

Runs SWIFT gpi and SARIE with branches in Jordan, Kuwait and Malaysia; FX margins are not published. Multinational companies account supports multi-entity management in Saudi Arabia; network limited to four countries. · source

5.0Fast digital onboarding

Online onboarding portal covers establishments, companies and freelancers, but opening time and document list are not published. · source

5.0Online businesses: e-commerce and SaaS

Payments subsidiary neoleap and the urpay wallet serve Saudi merchants; online acquiring terms are not published. Business bundles from SAR 147 a month with a fully digital app and additional accounts in 16 currencies, but no API, Stripe integration or software-company products. · source

4.5Lowest fees

Business account page lists account types but publishes no fee schedule or minimum balance. · source

4.0Fintech companies that need a partner bank

Subsidiaries neoleap (payments) and urpay (wallet) exist, but no safeguarding or sponsor banking programme is published. · source

3.5Asia-Pacific (SG, HK, AU, JP, KR)

Licensed only in Malaysia within Asia-Pacific, with 13 branches and the MY alrajhi app; none of SG, HK, AU, JP or KR. · source

3.5Startups & VC-backed companies

Accounts need a Saudi commercial registration and financing needs three years of audited statements. · source

3.0Foreign-owned & non-resident companies

Business cards require an existing Al Rajhi account and a valid Saudi commercial registration; no onboarding path for foreign-incorporated companies is published. · source

2.0Best interest on business balances

As an Islamic bank, current accounts pay no interest; profit-bearing accounts exist such as the Malaysia DuitPlus Savings Account-i. · source

1.5High-risk verticals (iGaming, cannabis, adult, forex)

As a Shariah-compliant bank Al Rajhi serves only permitted activities; its Shariah board publishes a resolution on financing companies engaged in partially non-compliant (prohibited) activities. · source

1.0Crypto-friendly bank

Cryptocurrency is unlicensed in Saudi Arabia with joint SAMA and CMA warnings, and the bank offers no crypto accounts. · source

1.0Crypto wallet and custody for a business

The business current account page lists Hassad, Awaed and a Gold Wallet as linked investment products in 2026, with no crypto wallet or custody of any kind. · source

1.0Accept crypto payments

A February 2026 Mondaq analysis of Saudi rules states that licensed banks and payment providers in the Kingdom do not support onshore crypto payment functionality, and Al Rajhi offers no crypto acceptance. · source

1.0On-ramp: buy crypto with fiat

Saudi Arabia licenses no party for retail crypto intermediation as of February 2026 and domestic banks do not support crypto exchange functionality, so a company cannot buy crypto through Al Rajhi. · source

1.0Off-ramp: crypto to fiat in a business account

No Saudi bank offers crypto to fiat conversion under the 2026 regulatory position, and Al Rajhi publishes no process for accepting exchange proceeds into business accounts. · source

1.0Bitcoin

Neither the bank nor its brokerage arm Al Rajhi Capital lists bitcoin trading or custody among its 2026 products, and SAMA does not recognise virtual currencies. · source

1.0Ethereum

No ether trading, holding or staking is offered by Al Rajhi Bank or Al Rajhi Capital in 2026; the investment menu covers shares, funds and gold. · source

1.0Stablecoins (USDC, USDT and others)

Saudi stablecoin rules were still only planned in 2026 and Al Rajhi offers no stablecoin account, payout or settlement for business clients. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.