What Bank Aljazira does

Bank Aljazira (بنك الجزيرة) is a Saudi Arabian Islamic bank publicly listed on the Saudi Stock Exchange under ticker 1060. Headquartered in Jeddah with fully paid registered capital of SAR 12,812,500,000, the bank is supervised by the Saudi Central Bank (SAMA) and operates under an independent Sharia Committee that certifies the Islamic compliance of all products. The bank serves retail individuals, SMEs (including sole proprietorships and single-person companies), large corporates, and high-net-worth clients across Saudi Arabia, with no disclosed international operating footprint beyond the Fawri remittance corridor.

The bank operates a multi-channel digital banking platform consisting of AlJazira Online (retail internet banking), AlJazira Corporate (corporate portal), dedicated mobile applications for personal and business customers, a WhatsApp banking channel, and the AlJazira Tadawul investment platform. Core products span current and savings accounts, multi-currency accounts, Sharia-compliant personal and business financing, Mada debit cards, the Ajwaa Visa Infinite credit card, trade finance instruments (letters of credit, guarantees, documentary collections), cash management, treasury and FX services, Takaful insurance, and the Wealth and Premium HNW membership programs. Subsidiaries include wholly-owned AlJazira Capital (investment services and brokerage) and Fawri (international remittances).

Revenue is generated through a mix of recurring subscription-style relationships on banking services (accounts, financing facilities, premium memberships) and transaction-based fees from trade finance, treasury and FX, remittances, cards, and capital market activity. Go-to-market is direct-to-consumer and direct-to-business through the bank's combined digital and branch distribution network, with no partnership-led or platform-mediated channels disclosed. The product set, pricing structure, and operational design are explicitly aligned with Saudi Vision 2030 and Sharia-compliant banking principles under SAMA oversight.

Name

Bank Aljazira

Legal name

Bank Aljazira (بنك الجزيرة)

Website

https://baj.com.sa

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bank Aljazira is a Saudi-listed Islamic bank headquartered in Jeddah that provides Sharia-compliant retail, SME, corporate, and treasury banking services across the Kingdom under SAMA supervision, distributing them through branches, online portals, mobile apps, and WhatsApp banking.

Ownership category

akta.pro rank

Product category

Islamic Retail and Corporate Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Islamic SME & Commercial Banking (FSABAGAB), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Private Banking & Wealth (FSABAGAD)

Keywords

• Islamic retail banking
• Corporate banking services
• Trade finance services
• Wealth management programs
• Digital banking platforms

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Personal Banking Services: Retail banking services including current accounts, savings accounts, personal financing, and credit cards for individual customers
2. Business/Corporate Banking: Business banking services including business accounts, corporate financing, trade services, cash management, and treasury services for SMEs and large corporates
3. Premium Banking Programs: Wealth and Premium membership programs (Wealth, Premium) offering exclusive benefits, dedicated relationship managers, and priority banking services
4. Trade Finance: Trade services including letters of credit, bank guarantees, and documentary collections for import/export operations
5. Treasury and FX Services: Foreign exchange (FX), money market instruments, and hedging strategies for corporate customers

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Bank Aljazira is a Saudi Arabian Islamic bank providing Sharia-compliant retail and corporate banking services. Its offering spans personal current and savings accounts, multi-currency accounts, Murabaha/Ijara-based personal and business financing, Mada debit cards, the Ajwaa Visa Infinite premium credit card, Takaful insurance, Wealth and Premium membership programs, business and corporate accounts, trade finance instruments (letters of credit, guarantees, documentary collections), cash management, treasury and FX services, Visa Platinum business credit cards, investment services via AlJazira Capital, securities trading via AlJazira Tadawul, and international remittances via Fawri — delivered through branches, mobile apps, web portals, and WhatsApp banking under SAMA supervision.

Product overview

Bank Aljazira is an Islamic bank in Saudi Arabia offering a comprehensive suite of Sharia-compliant banking products and services. The bank's offering is organized around two main segments: Personal Banking (individuals) and Business Banking (corporate/SME). Personal banking includes current and savings accounts, personal financing with competitive profit margins, Ajwaa premium credit cards (Visa Infinite), wealth management programs (Wealth and Premium memberships), insurance products, and digital banking through AlJazira Online portal and mobile apps. Business banking encompasses business accounts, corporate financing, trade services (letters of credit, guarantee letters), cash management, treasury services (FX, money markets, hedging), and business credit cards (Visa Platinum). The bank also provides investment services via AlJazira Capital, international remittances through Fawri, and trading services via AlJazira Tadawul. All products are designed to comply with Islamic Sharia principles and are supervised by SAMA (Saudi Central Bank).

Differentiator

Problem solved

Functional benefit

Brands

• Ajwaa (أجواء): Premium credit card brand offering Ajwaa Visa Infinite card with exclusive benefits including airport lounge access, concierge services, travel insurance, and double reward points on purchases.

Products and services

• AlJazira Online (الجزيرة أون لاين) Online banking portal for personal customers providing account management, fund transfers, and bill payments.
• AlJazira Business (الجزيرة أعمال) Corporate banking portal for business customers to manage accounts, cash flow, and corporate expenses.
• AlJazira Tadawul (الجزيرة تداول) Investment and trading platform for securities and capital market activities.
• Ajwaa Credit Card (بطاقة أجواء) Premium credit card featuring Visa Infinite level with unlimited airport lounge access, 24/7 concierge services, premium travel insurance, and double Ajwaa reward points on purchases.
• AlJazira Mobile App (تطبيق الجزيرة) Mobile banking application providing 24/7 account management, instant fund transfers, bill payments, and Mada card controls.
• AlJazira Business App (تطبيق الجزيرة أعمال) Mobile banking application for business customers to manage corporate accounts and expenses.
• Wealth Program (برنامج ويلث) Premium banking membership offering personal wealth management, dedicated relationship managers, and exclusive rewards.
• Premium Program (برنامج بريميوم) Premium banking membership with priority banking services and exclusive benefits.
• Fawri (فوري) International money transfer service enabling customers to send funds abroad.
• AlJazira Capital (الجزيرة كابيتال) Investment opportunities and wealth growth services for customers.
• Personal Accounts (الحسابات الشخصية) Personal accounts including current accounts, savings accounts, and multi-currency accounts with instant Mada card issuance and 24/7 digital services.
• Business Accounts (حسابات الأعمال) Sharia-compliant business accounts including current accounts, daily return accounts, and escrow services for improved liquidity.
• Personal Financing (التمويل الشخصي) Flexible Islamic-compliant personal financing with competitive profit margins, no salary transfer options, and quick approvals under SAMA supervision.
• Business Financing (تمويل الأعمال) Sharia-compliant business financing including working capital, trade financing, and term loans for SMEs and large enterprises.
• Trade Services (خدمات التجارة) Islamic-compliant trade services including letters of credit, guarantee letters, and documentary collections for import/export operations.
• Cash Management (إدارة النقد) Cash flow optimization and operational flexibility services for corporate customers.
• Treasury Services (مجموعة الخزينة) Treasury services including foreign exchange (FX), money market tools, and customized hedging strategies for financial risk management.
• Takaful Insurance (التأمين التكافلي) Takaful insurance coverage including personal financing protection that covers outstanding debts in case of death or disability.
• Mada Cards (بطاقات مدى) Debit cards enabling payments and withdrawals through the Mada payment network in Saudi Arabia.
• Business Credit Cards (بطاقات أعمال الائتمانية) Visa Platinum business credit cards for business expenses with travel benefits and spending controls.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Al Rajhi Bank: Al Rajhi is the largest Islamic bank in Saudi Arabia and the dominant retail-focused Sharia-compliant lender; directly comparable to Bank Aljazira across retail accounts, personal financing, credit cards, and digital channels targeting Saudi consumers and SMEs.
• Alinma Bank: Alinma is a Saudi full-service Islamic bank offering retail, SME, corporate, and treasury products under SAMA supervision, with a comparable digital banking platform and Sharia governance model. Closely matches Bank Aljazira's positioning across both individual and corporate segments.
• Bank Albilad: Bank Albilad is a Saudi Sharia-compliant bank with a strong emphasis on digital banking and retail/SME financing, competing head-to-head with Bank Aljazira in customer segments, product offerings, and digital-first distribution.

Broad incumbents

• Saudi National Bank (SNB): SNB (the merged NCB-Samba entity) is the largest bank in Saudi Arabia by assets and operates both conventional and Islamic banking services across retail, corporate, and investment banking; overlaps meaningfully with Bank Aljazira's product set, though it is far larger and broader in scope.
• Riyad Bank: Riyad Bank is one of Saudi Arabia's largest conventional commercial banks with growing Islamic banking capabilities and full retail, SME, corporate, and investment banking offerings; competes for the same Saudi customer base and corporate financing mandates as Bank Aljazira.
• Banque Saudi Fransi: Banque Saudi Fransi is a major Saudi conventional bank with comprehensive retail, corporate, treasury, and trade finance products under SAMA oversight; competes directly with Bank Aljazira in corporate/SME banking, trade finance, and treasury/FX services.
• The Saudi British Bank (SABB): SABB is a large Saudi conventional bank providing retail, corporate, and wealth management services with international linkage to HSBC; comparable to Bank Aljazira across retail, SME, and corporate segments, while offering different international trade and treasury capabilities.

Regional players

• Dubai Islamic Bank: Dubai Islamic Bank is the UAE's largest Islamic bank, offering retail, corporate, treasury, and investment banking under a Sharia-compliant model that mirrors Bank Aljazira's structure; comparable in governance (independent Shariah supervision) and product breadth but operating primarily across the UAE rather than Saudi Arabia.
• Kuwait Finance House: Kuwait Finance House is a leading Gulf-based Islamic bank offering retail, corporate, investment, and treasury services under a Sharia-compliant model; highly comparable to Bank Aljazira in product architecture and Sharia governance, though based in Kuwait with broader regional ambitions.
• Abu Dhabi Islamic Bank (ADIB): ADIB is one of the UAE's largest Sharia-compliant banks with retail, SME, corporate, and treasury offerings and an independent Sharia board comparable to Bank Aljazira; parallels Bank Aljazira in operating-model design, but serves a UAE-centric geographic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/bankaljazira
• Facebookfacebook.com/bankaljazira.ksa
• LinkedInlinkedin.com/company/bank-al-jazira

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Aljazira