Bank Aljazira is a Saudi based financial institution that provides fully Islamic Shari’ah compliant services and solutions. Founded in 1975 with headquarters in Jeddah, Bank Aljazira offers a wide range of products and services, including Personal, Commercial, Corporate, Treasury and Private Banking. With two well established subsidiaries, AlJazira Takaful providing Islamic Insurance services and AlJazira Capital providing Brokerage & Investment Services.
Bank Aljazira is recognized as one of the leading and fast growing Shari’ah compliant financial institutions in Saudi Arabia and is well known for being customer-driven and service-oriented. In recent years, the bank has evolved tremendously, particularly in the areas of Digital Banking, Credit Cards, Real Estate Finance, Auto Lease and Remittance services.
In line with the Bank’s strategic objectives to support digital growth, and in pursuit of enriching lives through financial well-being, we continue to expand and support automation and business process re-engineering by adopting new technologies such as artificial intelligence, machine learning and other solutions. This was made possible through the efforts of Bank Aljazira’s automation and robotics team and the targeted partnerships with fintech companies aimed at enhancing the customer experience, improving the quality of the products and services offered to them, as well as fulfilling development plans and contributing positively to the objectives of Vision 2030.
The Retail Banking Group continues to redefine banking services and constitutes a major proportion of the local banking market, offering innovative products and smart banking solutions through a nationwide network of 69 branches, 587 ATMs and 25,193 Merchants (point of sale).
Our products and services are designed to meet the end to end needs of all customers from account opening to time deposits, debit and credit cards to personal finance along with a superior range of mortgage finance products delivered through a fast growing and expanded Branch Network. We also recently launched Auto Lease financing product based on the principle of leasing and compatible with the provisions of Islamic Shari’ah.
On the “People” front, Bank Aljazira invested heavily on its human capital and thus its organic resources potentials have been growing to match with the dynamic development of the Bank’s offerings, channels and infrastructure.
Throughout its path of success, Bank Aljazira earned well-deserved local and international recognitions and won several awards.
- Best Digital CX – Account Opening and Customer Onboarding 2025 – Saudi Arabia awarded by The Digital Banker
- Best Work Place Environment Banking – Saudi Arabia 2024, awarded by International Finance Awards
- Outstanding Customer Service Innovation by a Retail Bank 2024 – awarded by The Digital Banker
- Excellence in Mobile Banking 2024 – awarded by Finnovax Awards – Saudi Arabia
- Excellence Award in the Corporate Governance Index (CGI) 2024 – awarded by Corporate Governance Center at Alfaisal University.
- Top 20 Institutions in Social Responsibility for 2024, awarded by Arab Organization for Social Responsibility
- Consumer Finance Product of the Year 2024 –awarded by The Digital Banker
- Best Social Responsibility Program among Islamic Banks 2023 – awarded by GIFA with Cambridge IFC
- Most Innovative Islamic Bank – Saudi Arabia 2022, awarded to BAJ by International Finance Magazine.
- Best CSR Bank – Saudi Arabia 2022, awarded to BAJ by International Finance Magazine.
- Most Innovative Islamic Retail Bank in Saudi Arabia 2021 - 7th Islamic Retail Banking Awards 2021
- IRBA Excellence Award for Islamic Digital Banking 2021 - 7th Islamic Retail Banking Awards 2021
- Excellence in Digital Transformation Award 2021 granted by the Digital Banking Saudi 2030 Summit Awards
ENG. ABDULMAJEED I. ALSULTAN
Chairman
Eng. Abdulmajeed bin Ibrahim Alsultan holds a Bachelor's degree in Petroleum Engineering from King Saud University in 1989. He has held many leadership positions in several companies from various sectors, as he has been a member of Bank AlJazira since 2004. He currently holds the position of Chairman of the Board of Directors of Bank AlJazira since 2025.
He has also held the position of Chairman of the Board of Directors of AlJazira Takaful Company since 2013. He is also a board member of Royal and Sun Alliance Insurance Company (Egypt), a board member of Health Endowment Fund and he was a board member of the Qassim Cement Company.
Other Positions:
- (1993) Member of the Board of Directors of the Consolidated Brothers Company
- (1993) Chief Executive Officer of the Consolidated Brothers Company
- (2004) Member of the Board of Directors of Bank AlJazira
- (2009) Member of the Board of Directors of Olat Development Company
- (2013) Chairman of the Board of Directors of AlJazira Takaful Taawuni Company
- (2013) Chairman of the Board of Directors of Al-Durra Development Company
- (2022) Chairman of Sustainability and Social Responsibility Committee of Bank AlJazira
- (2010) Board Member of Ibrahim Al-Sultan Charitable Foundation
- (2021) Board Member of Al Thuriah Co
- (2020-2024) Member of the Nomination and Remuneration Committee of Bank AlJazira
- Member of Investment Committee. of AlJazira Takaful Taawuni Company
- Chairman of Executive Committee of AlJazira Takaful Taawuni Company