Al Rajhi Bank has been recognized by international publications and organizations, please find below our latest awards:
After 4 weeks of voting and more than 15,000 unique users participating, the winners of The Banker Middle East Product Awards KSA 2014.
Al Rajhi Bank has won 2 awards:
1. Best Corporate Account
2. Best Personal Loan
This year's awards were hotly contested by 43 nominees across the 32 categories and are quickly becoming recognized as the most prestigious recognition for financial institutions in the region.
NEW YORK, April 19, 2013 - Global Finance magazine has announced its sixth annual
awards for the World’s Best Islamic Financial Institutions. A full report on the selections will
appear in the June issue of Global Finance. The winners of this year’s awards are those banks
that contributed to the growth of Islamic financing and successfully met their customers’
needs for Shariah-compliant products, while creating the foundation for continued growth
and safety in the future, with modern and efficient delivery channels.
All selections were made by the editorial team of Global Finance, after extensive
consultations with bankers, corporate finance executives and analysts throughout the
world. In selecting these top banks, we considered factors that range from the quantitative
objective to the informed subjective. Quantitative criteria included growth in assets,
profitability, geographic reach, strategic relationships, new business development and
innovation in products. Among the subjective criteria considered were reputation, customer
satisfaction, and the opinions of analysts and others involved in the industry. The mix of
these factors yields leading banks that may not be the largest, oldest or the most diversified
in a given country, region or product, but rather the best—the banks with which customers
around the world would most likely want to do business.
“Shariah-compliant finance remains the fastest-growing area of finance worldwide, with
more than 500 financial institutions that are either fully Islamic or provide Islamic financial
products to their customers, in addition to several hundred more Islamic investment banks
and insurance companies, or takaful,” says Global Finance’s publisher Joseph D. Giarraputo.
“The winning banks were all noteworthy in their dedication to satisfying their customers’
increasingly sophisticated needs in accordance with the rules of Islamic finance.”
Euromoney Magazine has announced Al Rajhi Bank as the winner of the Best Islamic Bank in the Middle East Award for 2012 as part of the Islamic Finance Awards which was unveiled in London in February 21st.
The judging committee stated in its report the reasons why Al Rajhi Bank was selected as the Best Islamic Bank in the Middle East describing it as the most successful Bank in the Saudi market which therefore is the most essential market in the Middle East, as stated by Euromoney Magazine. Furthermore, the committee highlighted on the Bank’s solid financial results for 2011 and marked Al Rajhi Bank as most profitable Bank in the region.
Al Rajhi Bank’s success in Islamic banking in the Middle East has still not been eclipsed. Other banks were perhaps more aggressive before the crisis. However, since 2008 Al Rajhi’s more conservative, retail-oriented approach, resting on a 500- strong branch network and presence throughout KSA, strengthens their dominance against the rest.
Visa, one of the world’s leading payment solution providers, presented the Best Bank Awards at the 13th annual Banker Middle East Industry Awards. The event brought together more than 400 distinguished regional and global industry experts and decision-makers, to honour and celebrate excellence in the MENA banking and finance industry. Al Rajhi Bank won the award for best Bank in Saudi Arabia.
Al Rajhi Bank won "Best Digital Advertising Campaign” Award in Financial Services during the internet awards Middle East 2012. The campaign focused on engaging with customers by getting them to submit their stories, sharing with the community and obtaining votes. This award is designed to identify and reward those companies who have demonstrated an unparalleled ability to succeed and have continually set standards of excellence.
The Asian Banker uses a robust and well tested proprietary methodology to evaluate the quality of retails banks in the Asia Pacific, Middle East and other emerging markets. Al Rajhi bank topped the assessment of the overall quality based on an Excellence Scorecard that is a backbone of the evaluation process and was developed with an eye on one of the key objectives of the programme, which is to create an instrument that is accepted by the player in retail financial services industry as a viable, objective and representative measure of a bank’s performance across multiple areas.
The annual Islamic Finance News Best bank poll recognized Al Rajhi bank as best providers of Islamic finance services across a series of markets and sectors as voted by the readers of Islamic Finance news. Islamic finance issuers, investors, non-banking financial intermediates and government bodies from around the world are invited to participate by casting their votes.
By winning this top award in webs and IT arena, Al Rajhi bank showcased its creativity in competency with the international standards.
Al Rajhi Bank won the top brand in banking in KSA and 2nd place for being the top bank brand in the region.
Euromoney Magazine has announced Al Rajhi Bank as the winner of the Best Islamic Bank in the Middle East Award for 2011 as part of the Islamic Finance Awards which was unveiled in London in February 21st.
The awards honor the top of the top in the Islamic financial industry. It is one of the most prestigious awards and is highly recognized by the global Islamic capital markets.
Since its establishment in 2005, the IFN Polls has been a fitting depiction of the current Islamic financial market setting. This annual poll has since become the leading and most comprehensive poll in the industry, where readers select and vote for the best bank in the world.
This year, Al Rajhi Bank was chosen to win the Best Islamic Retail Bank award, while it has already been picked as winner of the 2010 Best Banks Polls.
Al Rajhi Bank won "The Most Outstanding Contribution To Islamic Finance" Award for 2011 during the 8th KLIFF Islamic Finance Forum 2011. The Forum took place in Kuala Lumpur's Hotel Istana City Center and drew a crowd of several hundred delegates, including professionals from the industry. The Prime Minister's Department Y.B. Tan Sri Nor Mohamed Yakcop attended and presented the 8th KLIFF Islamic Finance Awards to the winners. The objective of the award is to recognize, reward and encourage activities that lead to the promoting of outstanding works and performances in the fields of Islamic banking and finance by the key players of this industry.
Al Rajhi Bank won the Middle East Institute Award of Distinction for being the best Electronic Bank in the Kingdom. This award has only been given to three of the GCC banks, one in KSA, Bahrain and one in UAE.
The Bank was picked due to its distinguished online banking services. The modern services offered, enable customers to enjoy a higher level of interaction with one of the most important Al Rajhi electronic channels.
Al Rajhi Bank has been named the most valuable banking brand in the Middle East for 2011 as per the Brand Finance “Top 500 Banking Brands” annual report. The value of Al Rajhi Bank brand has increased to $1.504 billion in 2011 compared to $922 million in 2010, boosting its brand value rank from 149 in 2010 to 109 in 2011 with a rating of AA+ in 2011 compared to AA in 2010.
For the third year in a row, Al Rajhi Bank received King Khaled Award for the Responsible Competitiveness Index in attracting and developing local talents, Al Rajhi Bank got the award out of 115 large corporate operating in the Kingdom of Saudi Arabia.
Al Rajhi Bank was awarded with a much coveted GEMAS (The Gulf Effectiveness in Marketing Awards) Marketing Award for its consumer assets “voice of society” campaign. The campaign was unique in its use of “real customers” to promote the bank’s financial products. The GEMAS were established to promote excellence in marketing effectiveness and best marketing practice across all disciplines and categories amongst companies operating in the Middle East.
Euromoney Magazine has announced Al Rajhi Bank as the winner of the Best Islamic Bank in the Middle East Award for 2010 as part of the Islamic Finance Awards which was unveiled on February 2011.
The judging committee stated in its report the reasons why Al Rajhi Bank was selected as the Best Islamic Bank in the Middle East describing it as the most successful Bank in the Saudi market which therefore is the most essential market in the Middle East, as stated by Euromoney Magazine. Furthermore, the committee highlighted on the Bank’s Q3 financial results for 2010 and marked Al Rajhi Bank as most profitable Bank in the region.
Al Rajhi Bank was awarded the “Best Interactivity Award, 2010” for Saudi Banks in the Islamic Banking Category. The award was granted by the Banking Web Awards Organisation, a member of the Pan Arab Web Awards. The Pan Arab Web Awards aims to promote professional and customer driven websites and the awards are granted based on the assessment of a panel of industry experts. The awards are considered by many in the industry as one of the top award programs.
Al Rajhi Bank received the award for the most outstanding Islamic bank, 2010. The award was received from The Kuala Lumpur Islamic Finance Forum (KLIFF).
Al Rajhi Bank got the “EuroMoney” prize for being the best bank in Saudi Arabia in 2010. The Bank was rewarded during the annual ceremony of EuroMoney Magazine that was held in Beirut. Mr. Mohamed Al Yami, head of Public Relations of Al Rajhi Bank, received the award on behalf of the Bank.
Al Rajhi Bank has been awarded the “Best Real Estate Finance Program for 2009” in the banking sector (Retail Finance) in Saudi Arabia. The award came as a result of the Bank performance on the finance amount and the number of individuals financed during the year.
The Bank was chosen by an independent committee appointed by the organizer of the 13th Riyadh Exhibition for Real Estate and Architecture Development 2010, RESTATEX 13.
Best Project Finance House in Middle East, Best Bank in KSA
Al Rajhi Bank named as best retail bank of the year regionally within GCC.
Overall award for global best Islamic retail bank, Overall country award.
Al Rajhi Bank named as the sole winner of highest award for retail financial services in the Gulf Region for performance in 2008. Al Rajhi Bank named as sole winner of best Retail bank in Saudi Arabia.
Al Rajhi Bank was named as the sole winner of highest award for retail financial services in the Gulf Region for performance in 2007. Al Rajhi Bank was also named as sole winner of best Retail bank in Saudi Arabia.
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