Values-driven Islamic banking in Malaysia since 2006
Shariah-compliant banking services
An international Islamic bank backed by Saudi expertise, dedicated to providing sound financial solutions for customers across Malaysia.
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Frequently-asked questions (FAQ) about Islamic banking in Malaysia
Shariah-compliant banking refers to financial products and services structured in accordance with Islamic principles. This includes:
Avoiding interest (Riba)
Prohibiting excessive uncertainty in contracts and excluding activities involving gambling or speculation.
Ensuring all financing is supported by genuine underlying assets or business activities to fairly share risk and reward.
One commonly used tenure is tawarruq (commodity murabahah), which provides financing to a customer through a series of structured commodity sales. Tawarruq is applied in selected Islamic financing products such as Home Financing i-SJKP and Commodity Murabahah Term Deposit-i.
Yes. alrajhi bank Malaysia operates in accordance with Islamic finance principles, where financing structures are based on Shariah-approved contracts rather than conventional interest-based lending. Financing and investment structures are based on approved Shariah contracts such as murabahah and wakalah and are linked to genuine underlying assets or business activities.
No. Islamic banking is available to everyone, regardless of religion. In Malaysia, many customers choose Islamic banking because of its transparent structure, clear terms, and ethical financial approach. Islamic banks provide the same everyday banking services as conventional banks do, such as savings accounts, real-time payments/transfers, and online banking, while adhering to Shariah-compliant principles.
Yes, alrajhi bank Malaysia provides Shariah-compliant corporate financing solutions including corporate financing, cash management, and deposit accounts.
Shariah integrity in alrajhi bank Malaysia is upheld through a robust governance framework overseen by our Shariah Board, which provides independent oversight and approval for all offerings. This is supported by our internal Shariah teams, who ensure end-to-end compliance through continuous monitoring and Shariah reviews of all materials and processes. This multi-layered approach ensures every transaction aligns with the standards of the Shariah Advisory Council of Bank Negara Malaysia.
