Al Rajhi Bank enters the Jordanian market with an array of innovative products and services

Al Rajhi Bank enters the Jordanian market with an array of innovative products and services ; Al Rajhi Bank, recently launched in the Kingdom, bringing an expansive array of highly versatile, Sharia compliant products and services to the local 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 the Kingdom to provide a Sharia compliant, Murabaha-based personal finance program to individuals that also allows them to consolidate debts in a single instalment, 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,” commented Tarek Akel, Regional Manger 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.”