Tagged: Al Rajhi group

2011-11-01

Saudi Al-Rajhi remains biggest Islamic bank

Three banks from UAE are among 10 largest Arab Islamic banks.
Saudi Arabia’s Al-Rajhi group remained at the same position as the world’s largest Islamic bank at the end of 2010 while four in the UAE were among the 10 top Shariah-compliant banks.
Th…

Cabinet allows Al Rajhi Group to issue Islamic Sukkuk

Islamic Finance

2010-10-04

Cabinet allows Al Rajhi Group to issue Islamic Sukkuk

The Cabinet has recently allowed Al Rajhi Group to issue Islamic Sukkuk (bonds) to expand its investments in the Kingdom. The government requested the group to coordinate with the Iftaa Department and to sell the bonds to local banks in order to obtain…

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