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Shariah Board

From the Bank’s inception, all the Bank’s dealings are Shariah compliant. To ensure that, the General Assembly established an independent Shariah Board to be responsible for supervising, reviewing and issuing binding rulings on the overall Bank’s dealings and monitoring its implementation.

Shariah Board Members

His Excellence: Sheikh Abdulaziz Bin Hameen Al Hamain

Chairman (Independent)

His Eminence: Sheikh Prof. Saleh bin Abdullah Al Lohaidan

Vice Chairman (Non-Independent)

His Eminence: Sheikh Sulaiman bin Abdullah Al-Majed

Member (Independent)

His Eminence: Sheikh Prof. Saad bin Turki Al-Khathlan

Member (Independent)

His Eminence: Sheikh Prof. Abdullah bin Nasser Al Salmi

Member (Independent)

Shariah Group

The Shariah Group is one of the administrative groups within Al Rajhi Bank. It consists of two main departments:

Shariah Counsel Department

This department serves as the preparatory entity for the Shariah Board’s activities comprising a number of dedicated Shariah Advisors.

Shariah Control Department

This department is dedicated to providing assurance on the level of adherence of the Bank’s activities with Shariah Board rulings and directives.

Together, these departments work in a complementary and coordinated manner to carry out the following functions:

  • Reviewing and preparing the Bank’s products and services proposals for submission to the Shariah Board for the necessary decisions.
  • Observing the implementation of Shariah Board rulings across all the Bank’s dealings.
  • Addressing inquiries and issues raised by the Bank’s employees and clients in the light of Shariah Board’s rulings.
  • Promoting the awareness of Islamic finance principles within the Bank and the wider community.

All these functions are aimed to serve the main objective of the Shariah Group: To contribute to the Bank’s strategy to remain as the leading Islamic Bank, by supporting the plans and policies necessary to ensure the Bank’s full adherence to Shariah-compliant Banking practices.

Publications by the Shariah Group