The International Brokerage Service is one of the investment services from Al Rajhi Bank It is the first of its kind specifically directed towards those investors who wish to diversify their investments through direct trading in every major financial market in the world, with a view to maximize their returns. The service conforms to Islamic 'Shariah' principles, and the regulations of the Saudi Arabian Monetary Agency.
The service allows buying and selling of stocks at all major Stock Exchanges around the globe. However, there are no dealings in any company, which is known to be directly or indirectly involved in any business that is prohibited by Islam, such as manufacturing/promoting intoxicating beverages/drugs, tobacco manufacturing companies, non-Islamic financial institutions, non-Islamic Insurance firms, companies involved in interest-based business or gambling etc.
Additionally, International Brokerage offers the following services:
A complete custody service that includes safekeeping of securities, collection of dividends and their direct crediting to the Investment account.
Portfolio valuations at regular intervals on demand with full details of holdings and cash balances.
Advantages of International Brokerage Service:
Whilst the International Stock Market offers opportunities for high returns on your investment, there is an element of risk always associated with this market that can pose a threat to your investment. Therefore, to secure your investment and maximize your returns, it is very important to choose a successful company to invest in. And in order to choose a successful company, there are many factors about the company you have to base your decision on, some of them being:
History of the company.
Profitability and growth of the company.
Type of business and kind of the product/s company is offering.
Competition.
To facilitate this decision making, our expert dealers at International Brokerage are available to provide all the information about the companies that you require.
Furthermore, International Brokerage will take all the reasonable steps to ensure that your orders are executed at the best prevailing prices, for the order size in the relevant market.
How can you get these services?
In order to register with these services you are required to execute an IBS (International Brokerage Service) Account Agreement authorizing Al Rajhi to appoint any foreign securities broker or third party who will act as your clearing, custodian and execution agents in the relevant markets where the securities are traded and to execute transaction on your behalf.
You can obtain these services from anywhere, inside the kingdom or even from outside the kingdom.
No matter where you are, in the kingdom or even outside the kingdom, you can place your order by simply calling a dealing room close to you. We have Dealing rooms in Riyadh, & Jeddah.
For more information please call at any of the following numbers, or visit the offices: