Al Rajhi Bank

Al Rajhi Bank is the name people think of when they want a large Saudi bank with a strong Islamic banking identity and a very broad retail reach. By our assessment, its best known strength is that it combines scale with a clear product style, especially for everyday accounts, financing and card use under sharia-compliant rules. The downside is that a bank so associated with one model can feel less flexible for customers who want a more conventional or more specialised relationship. In practice it is a place for routine banking done through branches, ATMs and digital channels, with a very established presence in daily life. Compared with smaller players, it is more complete and more familiar, but also more standardised in the way large banks often are.