Jul 27 2011 |
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Al Rajhi enters Jordanian market
JEDDAH - Al Rajhi Bank , with an array of Shariah-compliant products innovative products and services Shariah- compliant products and services, has entered the Jordanian market.
Leveraging on its strong retail banking base, its longstanding experience and expansive global network of affiliates, the bank will offer the Jordanian public a wide range of banking products delivered through modern and convenient banking channels.
Al Rajhi is first bank in Jordan to provide a Shariah-compliant, Murabaha-based personal finance program to individuals that also allows them to consolidate debts in a single installment, all the while enjoying a variety of added benefits, including one-hour approvals and 24-hour financing.
" Al Rajhi 's entry into the Jordanian market marks yet another major milestone in the bank's outstanding legacy," said Tarek Akel, regional manager of Al Rajhi Bank in Jordan. "With an uncompromising commitment to establishing a contemporary global banking network founded on Islamic principles, Al Rajhi is eager to bring its varied array of Islamic banking solutions to the Jordanian market, which houses one of the most progressive and fastest growing banking industries in the region. Given our highly adaptable customer-centric approach to product development, our prime objective is to introduce quality products and services specifically tailored to meet the demands of the local market."
With over 50 years of experience in banking and trading activities, Al Rajhi has been instrumental in bridging the gap between modern financial demands and intrinsic Islamic values, spearheading the development of the global Islamic banking landscape and establishing many of its quality benchmarks.
The bank has launched fully operational branches in two premier locations in Amman, one in Shmeisani and another in Abdullah Ghosheh St., with more branches expected to launch in the near future at various locations nationwide.
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