alrajhi bank Malaysia was locally incorporated in October 2006. It is a wholly owned subsidiary of the world’s largest Islamic Bank—Al Rajhi Bank Kingdom of Saudi Arabia (KSA)— which is the Middle East’s most valuable bank, with a market cap of $75 billion.
Following its official launch in 2007, alrajhi bank Malaysia became the first Saudi Arabian bank to start operating in Southeast Asia. It is part of a global Shariah-compliant banking group that is instrumental in bridging the gap between modern financial demands and intrinsic values whilst spearheading numerous industry standards and development.
alrajhi bank Malaysia opened its first and main branch at Jalan Ampang in 2006. To date, we have 13 branches nationwide, spanning across the Klang Valley, covering both Peninsular Malaysia and East Malaysia. Our online banking app is called alrajhi@24/seven and offers our comprehensive suite of financial services in the palm of your hand.
Rize—officially launched in February 2023—is a digital bank by alrajhi bank Malaysia. Backed by the depth and breadth of alrajhi bank’s expertise and our commitment to Islamic banking principles, Rize seeks to inspire and empower our customers—whom we call Rizers—to achieve their hopes and dreams and encourage friends and family to help them realize their goals.
When Malaysians become Rizers, they get access to a reimagined banking experience powered by best-in-class technology. All a Rizers’ banking needs will be made available on their smartphone—through our Rize app—without the need to go to a physical branch. Find out more about Rize at rize.com.my.