1 Islamic Development Bank
2 Bank Al-Jazeera
3 ICIEC
4 Al Baraka Investment & Development Co.
5 National Commercial Bank
6 Al Rajhi Banking & Investment Corporation
Trading
List of Islamic Banks in Saudi Arabia
Published by Gbaf News
Posted on April 3, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Saudi Arabia hosts both multilateral and commercial Islamic financial institutions.
- Islamic Development Bank and ICIEC are headquartered in Jeddah and serve broad development and insurance roles.
- Bank Al‑Jazira and Al Rajhi operate as pure Islamic commercial banks across the Kingdom.
References
Frequently Asked Questions
What is the Islamic Development Bank?
A multilateral development finance institution focused on Islamic finance, headquartered in Jeddah, Saudi Arabia.
What does ICIEC do?
ICIEC, based in Jeddah, provides Shariah‑compliant export credit and investment insurance as part of the IsDB Group.
Which are some domestic Islamic commercial banks?
Bank Al‑Jazira and Al Rajhi Bank are among Saudi Arabia’s pure Islamic commercial banks.
Tags
Related Articles
Banks warn AI shopping bots raise scam, fraud and data-privacy risks
Exclusive-China's Xi expected to press Trump to halt Taiwan arms sales under 1982 agreement, sources say
Ukraine to urge UN to take action over hunger in Russian-occupied Oleshky
Sterling steady after report says Iran may reopen Hormuz
ECB, EU central banks oppose stablecoin bank deposit rule
More from Trading
Explore more articles in the Trading category
Why Market Depth Is Becoming a Better Liquidity Signal Than Spreads Alone
TetherMax Introduces Cashback Rate Guarantee Across Supported Crypto Exchanges
Why Execution Quality Is Becoming Harder to Measure in Fragmented Markets
How to Read a UK Forex Broker Comparison Beyond EUR USD Spreads
Why Market Liquidity Is Becoming More Fragmented Across Trading Venues
Why Settlement Cut-Off Dispersion Is Becoming a Cross-Border Liquidity Cost
Why Execution Drift Is Becoming a Bigger Trading Risk Than Signal Decay
How AI-Driven Currency Automation Is Narrowing the Divide Between Retail and Professional Forex
How Multi-Asset Brokers Support More Efficient Retail Trading
Why T+1 Is Turning Securities Settlement Into a Liquidity Management Problem
How Passive Investing Is Changing the Mechanics of Price Discovery
Why Index Rebalancing Is Becoming a Bigger Trading Event