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.
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