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Al-Rajhi Bank
The Al Rajhi Bank ( ar, مصرف الراجحي) (previously known as Al Rajhi Banking and Investment Corporation) is a Saudi Arabian bank and the world's largest Islamic bank by capital based on 2015 data. The bank is a major investor in Saudi Arabia's business and is one of the largest joint stock companies in the Kingdom, with over SR 330.5 billion in AUM ($88 billion) and over 600 branches. Its head office is located in Riyadh, with six regional offices. Al Rajhi Bank also has branches in Kuwait and Jordan, and a subsidiary in Malaysia and Syria. History Al Rajhi Bank was founded in 1957, and is one of the largest banks in Saudi Arabia, with over 9,600 employees and $88 billion in assets. The bank is headquartered in Riyadh, and has over 600 branches, primarily in Saudi Arabia, but also in Kuwait, and Jordan, with a subsidiary in Malaysia. The bank was started by four brothers, Saleh, Sulaiman, Mohamed, and, Abdullah of the Al Rajhi family, one of the wealthiest fam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAAR Foundation
The SAAR Foundation was a flagship corporation representing charities, think tanks, and business entities. SAAR was named after its founder, Saudi patriarch Sulaiman Abdul Aziz Al Rajhi, a man close to the Saudi ruling family and on the Golden Chain, a list of early al-Qaeda supporters. SAAR is alternatively referred to as the Safa Group. The SAAR Foundation, which was dissolved in December 2000, achieved prominence as the key subject of a March 20, 2002, raid by federal agents, as a part of Operation Green Quest. The raid was carried out over suspicions by the U.S. Treasury Department that the group was laundering money for Al Qaeda or other terrorist groups. In 2003, they were accused of large scale money laundering for terrorist entities. Background The Foundation's overseas origins date to the 1970s. The origins began with a group of Muslim scholars, businessmen, and scientists from the Middle East and Asia who moved to the U.S. in the 1980s. The network began with the incorp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operation Green Quest
Operation Green Quest was a U.S. interagency investigative unit formed in October 2001 after the September 11 attacks. Sponsored by the United States Customs Service, it was concerned with the surveillance and interdiction of terrorist financing sources. It was disbanded in June 2003 pursuant to an agreement between the Department of Homeland Security and the Department of Justice. Synopsis Led by the U.S. Customs Service, and included agents and analysts from the Internal Revenue Service (IRS), the Secret Service, the Bureau of Alcohol, Tobacco and Firearms (ATF), the Federal Bureau of Investigation (FBI), the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the U.S. Postal Inspection Service, and the Naval Criminal Investigative Service. Federal prosecutors from the U.S. Justice Department's Criminal Division also formed an integral part of Operation Green Quest. The director of Operation Green Quest was a senior special agent fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate Committee On Homeland Security And Governmental Affairs
The United States Senate Committee on Homeland Security and Governmental Affairs is the chief oversight committee of the United States Senate. It has jurisdiction over matters related to the Department of Homeland Security and other homeland security concerns, as well as the functioning of the government itself, including the National Archives, budget and accounting measures other than appropriations, the Census, the federal civil service, the affairs of the District of Columbia and the United States Postal Service. It was called the United States Senate Committee on Governmental Affairs before homeland security was added to its responsibilities in 2004.U.S. Senate Committee on Homeland Security and Governmental Affairs official website It serves as the Senate's chief investigative and oversight committee. Its chair is the only Senate committee chair who can issue subpoenas without a committee vote. History While elements of the committee can be traced back into the 19th cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Center’s S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Rajhi Bank Malaysia
Al Rajhi Bank Malaysia is a bank based in Malaysia. Its head office is located at Kuala Lumpur, Malaysia. See also *Al-Rajhi Bank *List of banks *List of banks in Malaysia This is a list of financial institutions in Malaysia. Central Bank * Bank Negara Malaysia (The Central Bank of Malaysia) Top largest banks in Malaysia List of Malaysian banks by Total Assets as of 31 March 2020 Malaysian national nationwi ... References {{Asia-bank-stub Islamic banks of Malaysia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tadawul
Saudi Stock Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980. It is regulated by the Capital Market Authority but has become partially self-regulating since 2018. It lists 203 publicly traded companies (as of 31 December 2020). As of 31 December 2020, its trading hours are 10:00AM to 3:10PM, Sunday to Thursday. On 26 February 2017, the Saudi Parallel Market (Nomu) was launched as a parallel equity market with lighter listing requirements to provide companies an alternative platform for the public listing. Tadāwul is completely owned by the Saudi Public Investment Fund. History The Tadawul All-Share Index (TASI) r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sulaiman Abdul Aziz Al Rajhi
Sheikh Sulaiman bin Abdulaziz Al Rajhi (Arabic :الشيخ سليمان بن عبدالعزيز الراجحي born 1929) is a Saudi Arabian corporate figure and billionaire. As of 2011, his wealth was estimated by Forbes to be $5.9 billion, making him the 169th richest person in the world. He received the 2012 King Faisal International Prize for dedicating half his fortune to charity, starting an Islamic bank, supporting charity work and implementing effective national projects. Biography Sulaiman Al Rajhi was born in Al Bukairiyah, located in Al Qassim province in Saudi Arabia, and grew up in the Najd desert where he and his brother Saleh began their business by charging money for pilgrims taking camel caravans across the desert to the cities of Mecca and Medina. Sulaiman Abdulaziz Al Rajhi holds the largest individual stake in his family's Al Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia's banking groups. A co-founder o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saleh Abdul Aziz Al Rajhi
Sheikh Saleh Abdul Aziz Al Rajhi (1921 – February 12, 2011) ( ar, الشيخ صالح بن عبد العزيز الراجحي) was a Saudi businessman and philanthropist who founded the Al-Rajhi Bank, the largest Islamic banking institution. The eldest of the Al Rajhi family, he was engaged in other successful industries such as construction, real estate and agriculture. Aside from being a prominent Saudi businessman, he was also a philanthropist known for significant contributions in the field of agriculture, education and health. During his later years, Al Rajhi established instructions for the establishment of a foundation to manage continuous endowments towards the charities which he had constantly supported in life. Early life Saleh bin Abdul-Aziz bin Saleh ibn Suleiman ibn Mohammed ibn Suleiman ibn Nasser Al Rajhi was born 1921 in Al-Bukayriyah, Qassim, KSA. His father, Sheikh Abdul-Aziz Al-Rajhi was a farmer and trader of lesser means. After his father's move ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Headquarters
Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities. In the United Kingdom, the term head office (or HO) is most commonly used for the headquarters of large corporations. The term is also used regarding military organizations. Corporate A headquarters is the entity at the top of a corporation that takes full responsibility for the overall success of the corporation, and ensures corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions such as strategic planning, corporate communications, tax, legal, marketing, finance, human resources, information technology, and procurement. This entity includes the chief executive officer (CEO) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
