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Corporate Social Responsibility

Our responsibility to our community has always been at the forefront of our obligations and is one of the main objectives of the Bank.  Al Rajhi community services include:

  • Our Banking Products:  As one of the first Islamic Banks in the world, our products have been adopted as models by other banks locally, regionally and internationally.  Each of our products is fully Sharia Compliant, carefully studied and approved, by our Sharia Committee; a group of the Kingdom’s most prominent and esteemed Islamic scholars
  • Internal Policies:  Our bank operates within approved policies regarding employment, equipment purchasing, project management, and internal maintenance, through which the bank upholds the highest levels of social responsibility.  We are environmentally responsible in terms of energy usage and recycling
  • Human Resources:  Al Rajhi Bank values maintaining social responsibility in the HR sector, establishing mutual loyalty and a personal relationship with each staff member.  Employer and employee alike share the same vision, thus building an extended family within our organization
  • Corporate Social Responsibility:  Al Rajhi Bank has continuously committed itself to a series of corporate social responsibility programs in different sections of the community, including educational, health, and general social programs

We are proud of our services to the society through redirecting the funds from the clearance account to serve our community:

Education

  • Al Rajhi Bank signed an agreement with the Ministry of Social Affairs, setting up a training and development program for both men and women, eventually offering them employment in banking
  • We collaborated with the Women’s University in preparing diplomas in the fields of body and hair care, and other related fields.  The diploma programs train women and eventually provide them with the support required to establish their own small business ventures

Healthcare

  • Our pledge to the Friends of the Sick helped provided a total of 600 medical machines and equipment for those in need
  • Furthermore we guaranteed to provide housing and furniture, to the Friends of the Sick, in a project worth SR 4 million
  • We also recently signed an agreement with King Fahad Medical City to help 600 ill men and women travel to other centers for their medical treatment, a project worth SR 500,000 annually
  • Al Rajhi Bank and Enaya, an association formed to care for the ill, organized an educational road show to prevent blindness caused by diabetes, a project worth SR 4 million
  • Al Rajhi Bank, along with the Anti-smoking Foundation, have laid the ground in building and equipping a clinic, and supporting its operation for a total of 3 years in the Al Ahsa region, a project worth SR 4.5 million

Housing

  • In agreement with the Prince Salman Housing Project, we have undertaken to pay for 20 housing units between the areas of Al Kharj and Al Mzahmeya, with an estimated cost of SR 6 million
  • Charity Work for Orphans
  • In agreement with the Ministry of Social Affairs, Al Rajhi Bank has developed an investment fund specifically for orphans to invest their money and eventually receive their investment in cash